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Aluminium falls to month’s low

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by - 10/12/2012 5336 Views

Continued demand weakness counteract fresh hopes for pro-growth policies from top metals consumer China.

Aluminium fell to month’s low on Wednesday, as concerns about continued weakness in demand offset fresh hopes for pro-growth policies from top metals consumer China.

Alcoa Inc slashed its Aluminium demand forecast based on its third-quarter net loss report made aluminum to fell more than other metal late on Tuesday.

On account of poor demand from top consumer china owing to its significant slowdown in economic growth made base metals prices to suffer.

The prices of Delhi Aluminium utensils scrap and Aluminium wire scrap ended at Rs 122 & Rs 138 last Thursday hitting the month’s low.

 Aluminium was traded at Rs 105.7/kg in the Mumbai metal exchange, fell to its lowest in more than a month on Thursday.

Category : Metal

Tags : Aluminium price, Aluminum scrap price, base metal


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