PTI reported that aluminum futures fell by 0.32% to INR 108.40 per kilogram as speculators reduced their exposure amid a weak trend in the spot market on sluggish demand.
At the Multi Commodity Exchange, aluminum for December delivery fell by 35 paisa or 0.32% to INR 108.40 per kilogram with an open interest for just two lots.
Aluminum for November contract delivery also shed 30 paise or 0.28% to INR 107.20 per kilogram with a trading volume of four lots. At the London Metal Exchange, aluminum remained almost flat at USD 2,403 tonne in early trade.
Marketmen said that the weakness in aluminum futures was mostly due to the weak trend in the domestic market following sluggish demand, but the steady trend overseas capped the losses here.
(Sourced from Press Trust of India)
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