Aluminium futures were little changed during morning trade in the domestic market on Wednesday as participants remained on the sidelines in the industrial metal amid subdued physical demand for aluminium at the domestic spot market.
Further, sluggish physical demand for aluminium at the domestic spot market was due to trimming of positions by traders in the spot markets, influenced aluminium prices at futures trade.
At the MCX, aluminium futures for December 2016 contract is trading at Rs 117.45 per kg, down by 0.09 per cent, after opening at Rs 117.30, against a previous close of Rs 117.55. It touched the intra-day low of Rs 117.25.
Further, sluggish physical demand for aluminium at the domestic spot market was due to trimming of positions by traders in the spot markets, influenced aluminium prices at futures trade.
At the MCX, aluminium futures for December 2016 contract is trading at Rs 117.45 per kg, down by 0.09 per cent, after opening at Rs 117.30, against a previous close of Rs 117.55. It touched the intra-day low of Rs 117.25.
Read more - Aluminium Updates
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