Business Standard

Aluminium futures slump 1.18 pc on tepid demand

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Press Trust of India New Delhi

Aluminium prices fell by Rs 1.60 at Rs 134.40 per kg in futures trade on Thursday as participants trimmed positions, tracking a weak trend at spot market due to sluggish demand.

On the Multi Commodity Exchange, aluminium for October delivery eased by Rs 1.60, or 1.18 per cent, to Rs 134.40 per kg in a business turnover of 1,018 lots.

Similarly, the metal for November delivery weakened by Rs 1.85, or 1.34 per cent, to Rs 136.60 per kg in 179 lots.

Analysts attributed the weakness in aluminium prices to slackened demand from consuming industries in the spot market.

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First Published: Oct 03 2019 | 1:00 PM IST

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