Aluminium Futures In Reverse Gear

Aluminium futures were trading lower during the morning trade in the domestic market on Friday as participants indulged in trimming their bets amidst decrease in physical demand for aluminium in the domestic spot market.

Further, slide in demand for aluminium at the domestic spot market was mainly on account of cut down of positions by participants in the spot markets, influenced aluminium prices at futures trade.

At the MCX, aluminium futures for September 2016 contract is trading at Rs 105.15 per kg, down by 0.28 per cent, after opening at Rs 105.50, against a previous close of Rs 105.45. It touched the intra-day low of Rs 105.05.

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Suhani Verma

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