NEW DELHI: Aluminium futures slipped 60 paise to ₹241.85 per kilogram on the Multi Commodity Exchange (MCX) as traders reduced positions following a surge in domestic aluminium ingot inventories, which rose by 12,000 metric tons to 551,000 metric tons. This increase in supply has weakened demand sentiment.
Market analysts attributed the dip to global influences, including China’s cancellation of aluminium export tax rebates starting December 2024, adding pressure on domestic pricing. Futures are expected to remain volatile in the near term.
Web Team C6N
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