Alumininum futures remain in negative zone on global cues

Extending its yesterday's losses, aluminium futures prices fell by another 0.20 per cent, to Rs 101.50 per kg today after speculators trimmed their positions ahead of monthly expiry amid weak trend overseas.

At the Multi Commodity Exchange platform, aluminium for September-month fell by 20 paise, or 0.20 per cent, to Rs 101.50 per kg, with a turnover of 13 lots.

Similarly, the metal for delivery in October also traded lower by 20 paise, or 0.19 per cent, to Rs 102.70 per kg, with a business volume of three lots.
    
Marketmen said the weakness in aluminium futures was mostly due squaring-up of positions ahead of monthly expiry and weak trend in base metals on strong dollar, which kept pressure on the commodity prices.