Aluminium down by 0.1% on global cues

Aluminium prices fell marginally by 0.05% to Rs 110.50 per kg in futures trading today as speculators offloaded their positions, tracking a weak trend in the global markets amid subdued domestic demand.

 

At the Multi Commodity Exchange, aluminium for delivery in November eased by  five paise, or 0.05%, to Rs 110.50 per kg in business turnover of 103 lots.

 

Similarly, the metal for delivery in December traded lower by 5 paise, or 0.04%, to Rs 112.35 per kg in six lots.

 

Market analysts said speculators offloaded their positions in tandem with a weak trend in base metals at the London Metal Exchange that led to a fall in aluminium futures prices.