Aluminium weakens 0.2% on global cues
Subdued spot markets demand weighed on metal prices
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Aluminium futures for April eased by 15 paise, or 0.15%, to Rs 100.55 per kg in 122 lots.
At the Multi Commodity Exchange (MCX), the May contract fell by a similar margin to trade at Rs 102.30 per kg in 71 lots.
Subdued demand in the domestic spot markets also weighed on the metal prices.
Market analysts said the weakness in aluminium at futures trade was mostly in tune with a downtrend in base metals at the LME after weakness in Japanese and South Korean industrial output added to global demand concerns.
At the Multi Commodity Exchange (MCX), the May contract fell by a similar margin to trade at Rs 102.30 per kg in 71 lots.
Subdued demand in the domestic spot markets also weighed on the metal prices.
Market analysts said the weakness in aluminium at futures trade was mostly in tune with a downtrend in base metals at the LME after weakness in Japanese and South Korean industrial output added to global demand concerns.
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First Published: Apr 30 2013 | 3:24 PM IST