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Aluminium futures slip 0.14 pc on weak spot cues

Press Trust of India  |  New Delhi 

Aluminium prices were trading down 0.14 per cent at Rs 146.25 per kg in futures trade Friday as speculators cut down their positions, taking negative cues from the spot market.

At the Multi Commodity Exchange, aluminium for delivery in March declined by 20 paise, or 0.14 per cent, at Rs 146.25 per kg in a business turnover of 1,678 lots.

The for delivery in April edged up by 10 paise, or 0.07 per cent, at Rs 146.40 per kg in 488 lots.

Analysts said cutting down of positions by traders owing to slackened demand from consuming industries in the physical market weighed on aluminium prices here.

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

First Published: Fri, March 15 2019. 14:40 IST