Commodity Watch: Aluminium Futures Fall On Low Demand

New Delhi: Aluminium prices on Thursday slipped 50 paise to Rs 241.25 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 50 paise or 0.21 per cent to Rs 241.25 per kg in 3,407 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 Thursday fell 0.04 per cent to Rs 807.45 per kilogram as participants reduced their positions amid muted demand in the domestic market. On the Multi Commodity Exchange, copper contracts for December delivery eased by 30 paise or 0.04 per cent to Rs 807.45 per kg in a business turnover of 8,309 lots. Analysts said trimming of positions by speculators amid muted demand in the spot market mainly dragged down copper prices in the futures trade.