Aluminium futures were trading lower during the morning trade in the domestic market on Friday as investors and speculators trimmed their positions amidst slide in physical demand for aluminium in the domestic spot market.

Further, a fall in demand for aluminium at the domestic spot market was led by cut down of bets by traders in the spot markets, influenced aluminium prices at futures trade. At the MCX, aluminium futures for August 2016 contract is trading at Rs 109.90 per kg, down by 0.41 per cent, after opening at Rs 110.30, against a previous close of Rs 110.35. It touched the intra-day low of Rs 109.80 (at 11:07 hours).

Further, a fall in demand for aluminium at the domestic spot market was led by cut down of bets by traders in the spot markets, influenced aluminium prices at futures trade. At the MCX, aluminium futures for August 2016 contract is trading at Rs 109.90 per kg, down by 0.41 per cent, after opening at Rs 110.30, against a previous close of Rs 110.35. It touched the intra-day low of Rs 109.80 (at 11:07 hours).




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