Aluminium Prices Drop Amid Reduced Industrial Demand

Aluminium Prices Drop Amid Reduced Industrial Demand.webp

New Delhi, April 9 Aluminium prices saw a slight decrease of Rs 1.35 to Rs 354.45 per kg in futures trading on Thursday, as participants reduced their positions in response to a weak trend in spot markets.

On the Multi Commodity Exchange, aluminium for delivery in May fell by Rs 1.35 or 0.38% to Rs 354.45 per kg in 38 lots.

Analysts said that the reduction in positions by participants, primarily due to easing demand from consuming industries, was the main reason for the lower aluminium prices.
 
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aluminium aluminium prices commodity prices consuming industries demand futures trading india market trends may delivery multi commodity exchange new delhi price decrease price per kg spot markets trading
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