Aluminium down 0.6% on overseas cues

Metal for delivery in October shed 0.3%

Aluminium futures fell 0.58% to Rs 120.70 per kg today as speculators trimmed positions amid a weak trend at the London Metal Exchange.

At the Multi Commodity Exchange, aluminium for delivery in November lost 70 paise, or 0.58%, to Rs 120.70 per kg, with a business turnover of five lots.

The metal for delivery in October also shed 40 paise, or 0.33%, to trade at Rs 119.75 per kg in a turnover of 139 lots.

Marketmen said a weak trend overseas as the strongest US dollar in four years reduced demand for industrial metals quoted in the currency, put pressure on aluminium prices at futures trade here.