Aluminium Futures Price Declines Marginally by 0.02% on MCX
Aluminium futures witnessed a slight downturn of 5 paise, settling at Rs 246.80 per kilogram on Tuesday, as traders reduced their positions amid subdued demand from industries in the spot market.
On the Multi Commodity Exchange (MCX), aluminium contracts for delivery in May declined marginally by 5 paise or 0.02%, closing at Rs 246.80 per kg. A total of 251 lots were traded during the session.
Market analysts attribute the price decline to participants trimming positions, influenced primarily by the ongoing weak demand from consuming industries. The cautious sentiment in the spot market contributed significantly to this marginal downward movement.
Aluminium prices remain sensitive to changes in industrial demand, reflecting broader market sentiment and consumption patterns across key sectors.
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