Monday, September 19, 2016

Commodity News: Aluminium futures in reverse gear today

 Aluminium futures were trading further down during the morning trade in the domestic market on Monday as participants remained on the sidelines amidst decrease in physical demand for aluminium in the domestic spot market.
Moreover, a slide in demand for grey metal at the domestic spot market was led by cutting down of positions by participants in the spot markets, influenced aluminium rates at futures trade.
At the MCX, aluminium futures for September 2016 contract is trading at Rs 104.80 per kg, downward by 0.33 %, after opening at Rs 104.90, against a last close of Rs 105.15. It touched the intra-day low of Rs 104.55.

Read More-  Aluminium Updates