Aluminium prices shed 0.25 per cent to Rs 156.95 per kg in futures trade today as speculators reduced exposure amid a weak trend overseas.
At the Multi Commodity Exchange, aluminium for delivery
in June declined by 40 paise, or 0.25 per cent, to Rs 156.95 per kg in business turnover of 15 lots.
Similarly, the metal for delivery in May contracts fell by 30 paise, or 0.19 per cent, to Rs 156.10 per kg in 344 lots.
Analysts said offloading of positions by participants in line with a weak trend overseas where the metal slipped for a third session in a row as inventories increased, easing worries over a supply shortage in the aftermath of US sanctions on major Russian producer Rusal.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)