Commodity Watch: Aluminium Futures Fall On Low Demand

New Delhi: Aluminium prices on Tuesday declined 70 paise to Rs233.90 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 May fell 70 paise or 0.3 per cent to Rs233.90 per kg in 2,292 lots. Analysts said cutting down of positions by participants on easing demand from consuming industries mainly kept aluminium prices lower.

Copper futures decline on weak trend

Copper futures on Tuesday slipped 0.41 per cent to Rs847.20 per kilogram as participants reduced their positions amid muted demand in the domestic market. On the Multi Commodity Exchange, copper contracts for May delivery eased by Rs3.45 or 0.41 per cent to Rs847.20 per kilogram in a business turnover of 3,269 lots.

Zinc futures decline on trimmed positions

Zinc prices on Tuesday fell 0.34 per cent to Rs252.85 per kilogram in futures trade as speculators reduced their exposure, tracking negative cues from the spot market. On the Multi Commodity Exchange, zinc contracts for May delivery traded lower by 85 paise or 0.34 per cent at Rs252.85 per kg in 1,335 lots.