Market and product
India's alumininum marginally down in futures trade
At the Multi CommodityExchange, the August contract of aluminium fell by Rs 0.15 to Rs 101.55 per kg,with a turnover of 377 lots.
The metal for delivery in September alsoeased by Rs 0.05 to Rs 102.55 per kg, with a turnover of 4 lots.
Atthe London Metal Exchange, aluminum gained 0.6 per cent to USD 2,203 atonne.
Marketmen said weakness in aluminium futures was mostly due toprofit-taking by speculators at prevailing levels and subdued demand for themetal at the spot markets.
Firmness in base metals in global marketon weaker dollar, however, restricted the losses.
(Source: http://economictimes.indiatimes.com)
