News

Aluminium futures drop 1% on low demand

NEW DELHI: Aluminium prices on Friday fell Rs 2.45 to Rs 193.60 per kg in the futures market as participants trimmed their positions on a low trend in the spot market.

On the Multi Commodity Exchange, aluminium for delivery in June declined by Rs 2.45, or 1.25 per cent, to Rs 193.60 per kg in 1,790 lots

Analysts said cutting down of positions by participants on easing demand from consuming industries in the physical market mainly kept aluminium prices lower here.

Articles You May Like

The price of a pint is going through the roof. Here’s why UK beer costs are far outpacing inflation
Spirit Airlines posts loss on surge in costs, expects Florida challenges to continue
98% Forex Winning Strategy | Scalping Secrets | Step By Step (Part 1) 2022
Rivian posts second-quarter revenue above estimates, but expects a wider loss for the year
Dollar Recovering Mildly after Selloff, Aussie and Kiwi Strong

Leave a Reply

Your email address will not be published.