Breaking News

Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis

Aluminium futures fall on low demand

471873_1707123400_small.jpeg
Non-Ferrous 05 Feb 2024 02:26 PM IST PTI

Aluminium prices on Monday declined 90 paise to ₹200.80 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 February fell by 90 paise or 0.45% to ₹200.80 per kg in 3,806 lots.

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