 "Aluminium sheds 0.35% on global cues")
Aluminium prices fell 0.35 per cent to Rs 99.60 per kg in futures trading today, tracking weak cues from global markets.
Subdued demand in the domestic spot markets also weighed on the metal prices.
At the Multi Commodity Exchange, aluminium for delivery in November shed 35 paise, or 0.35 per cent, to Rs 99.60 per kg in business turnover of 69 lots.
Market analysts said the weakness in aluminium at futures trade was mostly in tune with a downtrend in select base metals at the London Metal Exchange (LME) on concern that demand was weakening in China, the biggest consumer.
The light metal, which used in everything from aircraft to window frames, dropped 0.5 per cent to $1,538 per tonne at the LME.
Subdued demand in the domestic spot markets also weighed on the metal prices.
At the Multi Commodity Exchange, aluminium for delivery in November shed 35 paise, or 0.35 per cent, to Rs 99.60 per kg in business turnover of 69 lots.
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The October contract traded lower by 30 paise, or 0.31 per cent, to Rs 97.85 per kg in 338 lots.
Market analysts said the weakness in aluminium at futures trade was mostly in tune with a downtrend in select base metals at the London Metal Exchange (LME) on concern that demand was weakening in China, the biggest consumer.
The light metal, which used in everything from aircraft to window frames, dropped 0.5 per cent to $1,538 per tonne at the LME.