Home > News > India

Alumininum shed 0.34% in futures trade

Wednesday, Aug 04, 2010
点击:

Aluminium prices moved down by Rs 0.35, or 0.34 per cent, to Rs 102.10 per kg in futures trade today after speculators booked profits amid weak trend at the physical markets.


Weak trend in copper and other base metals at the London Metal Exchange after overnight gains, also kept pressure on the aluminium futures.


At the Multi Commodity Exchange platform, aluminium for delivery in August month contracts fell by Rs 0.35, or 0.34 per cent, to Rs 102.10 per kg, with a turnover of 6 lots.


The metal for delivery in September contract also eased by Rs 0.30, or 0.29 per cent, to Rs 103.10 per kg, with a turnover of 1 lot.


At the London Metal Exchange, aluminum changed little at $2,215 a tonne.


Marketmen said the weakness in aluminium futures was mostly due to profit-taking by speculators at prevailing levels and subdued demand for the metal at the spot markets.

Recommended exhibitions

ALUMINIUM CHINA 2010
Venue Shanghai New International Expo Centre (Hall W4 & W5)
Address: 2345 Long Yang Road, Pudong District, Shanghai 201......
Non-Ferrous Metals-2010
Numerous significant events took place within the scope of the First International Congress & Exhibition <<Non-Ferrous M......
Fenestration 2010 in Nuremberg, Germany
Organizers: Nuremberg Exhibition Company
Description: The Nuremberg Fenestration exhibition is organized by Nuremberg Ex......
The 4th China (Foshan) International Metals Expo(2010.3.18~2
The 4th China (Foshan) International Metals Expo(2010.3.18~2010.3.20)
Time:Mar 18th ~ Mar 20th ,2010
Location: Foshan In......