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22/07/2021 11:27

Aluminium futures fall on weak demand

Aluminium futures were trading lower during the morning trade in the domestic market on Thursday as investors and speculators cut down their bets in the industrial metal amid fall in physical demand for aluminium at the domestic spot market.

Further, a slide in physical demand for aluminium at the domestic spot market was due to trimming of positions by traders in the spot markets.

At the MCX, aluminium futures for July 2021 contract is trading at Rs 195.20 per kg, down by 0.03 per cent, after opening at Rs 195.05, against a previous close of Rs 195.25. It touched the intra-day low of Rs 195.00 (at 11:20 hours).