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Aluminium futures ease on low demand

November 4, 2020 by admin 0 Comments

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New Delhi: Aluminium prices on Wednesday softened by 0.86 per cent to Rs 154.90 per kg in futures trade as speculators cut bets amid subdued demand in spot market. On the Multi Commodity Exchange, aluminium for delivery in October contracts eased by Rs 1.35, or 0.86 per cent, to Rs 154.90 per kg in a business turnover of 987 lots.
Analysts said offloading of positions by participants owing to slackened demand from consuming industries in the physical market weighed on aluminium prices in futures trade.

This article was originally published by Indiatimes.com. Read the original article here.