Aluminium futures were trading lower during morning trade in the domestic market on Friday as participants remained on the sidelines in the industrial metal amid subdued physical demand for aluminium at the domestic spot market.
Further, a drop in physical demand for aluminium at the domestic spot market was due to trimming of bets by traders in the spot market, influenced aluminium prices at futures trade. At the MCX, aluminium futures for March 2017 contract is trading at Rs 123.70 per kg, down by 0.12 per cent, after opening at Rs 124, against a previous close of Rs 123.85. It touched the intra-day low of Rs 123.70 (at 10:47 hours).
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