Commodity Watch: Aluminium Futures Fall On Low Demand

New Delhi: Aluminium prices on Tuesday slipped 90 paise to Rs 243.80 per kilogram in the futures market as participants trimmed their positions on a weak trend in the spot market.

On the Multi Commodity Exchange, aluminium for delivery in December fell 90 paise or 0.37 per cent to Rs 243.80 per kg in 3,272 lots. Analysts said cutting down of positions by participants on easing demand from consuming industries mainly kept aluminium prices lower.

Copper futures decline on weak trend

Copper futures on Tuesday fell 0.33 per cent to Rs 804.65 per kilogram as participants cut their positions amid muted demand in the domestic market. On the Multi Commodity Exchange, copper contracts for December delivery eased by Rs 2.65 or 0.33 per cent to Rs 804.65 per kg in a business turnover of 8,369 lots. Analysts said trimming of positions by speculators amid muted demand in the spot market mainly dragged down copper prices in the futures trade.