Aluminium futures fall on easing industrial demand

New Delhi: Aluminium price on Tuesday fell 90 paise to Rs208.30 per kilogram in the futures market, as participants trimmed their positions on a weak trend in the spot market. On the Multi Commodity Exchange (MCX), aluminium for delivery in November declined by 90 paise or 0.43 per cent to Rs208.30 per kg in 2,813 lots. Analysts said cutting down of positions by participants on easing demand from consuming industries mainly kept aluminium prices lower.

Copper futures slip

Copper futures fell by Rs3.70 to Rs710 per kilogram, as participants cut their positions amid muted demand in the domestic market. On MCX, copper contracts for November delivery eased by Rs3.70 or 0.52 per cent to Rs710 per kg in a business turnover of 6,079 lots. Analysts said trimming of positions by speculators amid a muted demand in the spot market mainly dragged down copper prices in the futures trade.

Cottonseed oil cake futures rise on fresh bets

Cottonseed oil cake prices rose by Rs8 to Rs2,923 per quintal in futures trade, as speculatoRscreated fresh positions amid higher demand. On the National Commodity and Derivatives Exchange (NCDEX), cottonseed oil cake for December delivery traded higher by Rs8 or 0.27 per cent at Rs2,923 per quintal with an open interest of 47,330 lots. Marketmen said the raising of positions by participants amid increasing demand for cattle feed mainly influenced cottonseed oil cake prices.

Zinc futures down

Zinc prices on Tuesday fell by 0.4 per cent to Rs225.60 per kilogram in the futures trade as speculators reduced their exposure, taking negative cues from the spot market. On MCX, zinc contracts for November delivery traded lower by 90 paise or 0.4 per cent at Rs225.60 per kg in 4,459 lots. Analysts said offloading of positions by participants owing to slackened demand from consuming industries in the physical market mainly weighed on zinc prices.