Aluminium futures remain weak, shed 0.49% on low demand

Aluminium prices eased further by 0.49 per cent to Rs 133.30 per kg in futures trade today as speculators engaged in reducing their exposure amid subdued demand from consuming industries in the spot market.

At the Multi Commodity Exchange, aluminium for delivery in August shed 65 paise, or 0.49 per cent to trade at Rs 133.30 per kg in business turnover of 697 lots.

Similarly, the metal for delivery in September contracts traded lower by 65 paise, or 0.48 per cent to Rs 134.10 per kg in 64 lots.

Analysts said cutting down of holdings by participants on the back of tepid demand from consuming industries in the physical market mainly kept aluminium prices lower at futures trade.