 "Aluminium down 0.3% on global cues")
Taking weak cues from global markets, aluminium prices fell 0.37% to trade lower at Rs 107 per kg in futures trading today as speculators offloaded their positions.
Further, sluggish demand in the domestic spot markets also weighed on the metal prices.
At the Multi Commodity Exchange, aluminium for delivery in March declined by 40 paise, or 0.37%, to Rs 107 per kg in business turnover of 291 lots.
Market analysts said the weakness in aluminium at futures trade was mostly in tandem with a downtrend in base metals at the London Metal Exchange and subdued spot demand.
Further, sluggish demand in the domestic spot markets also weighed on the metal prices.
At the Multi Commodity Exchange, aluminium for delivery in March declined by 40 paise, or 0.37%, to Rs 107 per kg in business turnover of 291 lots.
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Metal for delivery in April too fell by a similar margin to Rs 108.45 per kg in a business turnover of 14 lots.
Market analysts said the weakness in aluminium at futures trade was mostly in tandem with a downtrend in base metals at the London Metal Exchange and subdued spot demand.
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