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
