/ / / / / Aluminium futures fall by 0.35% on muted demand

Aluminium futures fall by 0.35% on muted demand

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Aluminum futures were trading lower during the morning trade in the domestic market on Wednesday as investors and speculators cut down their positions amidst fall in physical demand for aluminum in the domestic spot market.
Further, a drop in demand for aluminum at the domestic spot market was on the back of trimming of bets by traders in the spot markets, influenced aluminum prices at futures trade.
At the MCX, aluminum futures for August 2016 contract is trading at Rs 112.45 per kg, down by 0.35 per cent, after opening at Rs 112.45, against a previous close of Rs 112.85. It touched the intra-day low of Rs 112.45.
 
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