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Sluggish demand drags down aluminium futures by 0.36%
05 Oct 2016
Aluminium futures were trading lower during the late morning trade in the domestic market on Wednesday as participants trimmed their positions in the industrial metal amidst subdued physical demand for aluminium in the domestic spot market.

Further, sluggish demand for aluminium at the domestic spot market was due to exiting of positions by participants in the spot markets, influenced aluminium prices at futures trade.

At the MCX, aluminium futures for October 2016 contract is trading at Rs 110.65 per kg, down by 0.36 per cent, after opening at Rs 110.95, against a previous close of Rs 111.05. It touched the intra-day low of Rs 110.65 (at 11:41 hours).

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