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Aluminium futures decline on easing demand

Press Trust of India  |  New Delhi 

Aluminium prices eased by 5 paise to Rs 135.25 per kg on Thursday as participants were engaged in reducing their positions, tracking a weak trend at the spot market.

At the Multi Commodity Exchange, aluminium for delivery in October declined by 5 paise, or 0.04 per cent, to Rs 135.25 per kg, in a business turnover of 396 lots.

Similarly, the metal for delivery in November weakened by 5 paise, or 0.04 per cent, to Rs 137.60 per kg in 12 lots.

Analysts said cutting down of positions by participants on the back of easing demand from consuming industries in physical market mainly kept aluminium prices lower here.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, October 10 2019. 13:30 IST