Aluminium futures down on low demand

Investment Guru India

Aluminium futures were trading lower during the noon trade in the domestic market on Wednesday as investors and speculators cut down their bets in the industrial metal amid fall in physical demand for aluminium at the domestic spot market. Further, a slide in physical demand for aluminium at the domestic spot market was due to trimming of positions by traders in the spot markets.

At the MCX, aluminium futures for October 2019 contract is trading at Rs 135.15 per kg, down by 0.48 per cent, after opening at Rs 135.50, against a previous close of Rs 135.80. It touched the intra-day low of Rs 135.00 (at 15:22 hours).

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