Aluminium futures dip on subdued physical demand 04/05/2017

Aluminium futures dip on subdued physical demand
04/05/2017

Aluminium futures were trading lower during morning trade in the domestic market on Thursday as investors and speculators cut down their bets in the industrial metal amid subdued physical demand for aluminium at the domestic spot market. Further, a rise in physical demand for aluminium at the domestic spot market was due to trimming of positions by traders in the spot markets, influenced aluminium prices at futures trade. At the MCX, aluminium futures for May 2017 contract is trading at Rs 122.90 per kg, down by 0.20 per cent, after opening at Rs 123.15, against a previous close of Rs 123.15. It touched the intra-day low of Rs 122.85 (at 11:30 hours).

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