Aluminium weakens on global cues

Prices declined nearly 0.5% on cues

Aluminium prices fell by 0.43% to Rs 105.20 per kg in futures trade today as speculators offloaded their positions tracking a weak trend in overseas markets.

At the Multi Commodity Exchange, aluminium for delivery in July declined by 45 paise, or 0.43%, to Rs 105.20 per kg, with a business turnover of 2,986 lots.

The August contract traded lower by 30 paise, or 0.28%, to Rs 107 per kg, with a business turnover of 171 lots.

Market analysts attributed the fall in aluminium futures to a lower trend in overseas markets.

Meanwhile, aluminum declined by less than 0.1% to USD 1,911 a tonne on the London Metal Exchange. PTI KPS SUN RS YB
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