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22/07/2024 13:21

Aluminium futures fall on low demand

Aluminium prices on Monday declined Rs 1.65 to Rs 218.55 per kilogram in the futures market as participants trimmed their positions on a weak trend in the spot market.

On the Multi Commodity Exchange, aluminium for delivery in August fell Rs 1.65 or 0.75 per cent to Rs 218.55 per kg in 2,771 lots.

Analysts said cutting down of positions by participants on easing demand from consuming industries mainly kept aluminium prices lower.