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Aluminium futures slide 0.68% on muted demand

Press Trust of India  |  New Delhi 

Aluminium prices softened by 0.68 per cent to Rs 139.10 per kg in futures trading Thursday as speculators cut bets amid subdued demand at domestic spot market.

At the Multi Commodity Exchange, aluminium for delivery in December eased by 95 paise, or 0.68 per cent, to Rs 139.10 per kg in a business turnover of 3,989 lots.

Similarly, the for delivery in January was trading lower by Rs 1.20, or 0.85 per cent, to Rs 139.60 per kg in 496 lots.

Analysts said offloading of positions by participants owing to slackened demand from consuming industries in the physical market weighed on aluminium prices.

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

First Published: Thu, December 06 2018. 15:40 IST