Breaking News

Gadchiroli pitched as Maharashtra’s future green steel hub India set to drive next global steel demand wave Italy crude steel output rises 3.1% in May Green steel progress remains slow worldwide

Aluminium futures fall on low demand

692664_1708343479_small.png
Non-Ferrous 19 Feb 2024 05:21 PM IST PTI

Aluminium prices on Monday declined ₹1 to ₹198.05 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 February fell ₹1 or 0.5% to ₹198.05 per kg in 2,812 lots.

Analysts said cutting down of positions by participants on easing demand from consuming industries mainly kept aluminium prices lower.