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Aluminium futures slip 0.44 % on weak spot cues

Press Trust of India  |  New Delhi 

Aluminium prices fell by 0.44 per cent to Rs 137 per kg in futures market Monday as speculators cut their positions, taking negative cues from the spot market on muted demand.

At the Multi Commodity Exchange, aluminium for delivery in December declined by 0.60 paise, or 0.44 per cent, to Rs 137 per kg in a business turnover of 3682 lots.

Likewise, the for delivery in January contracts, too, dipped by 0.75 paise, or 0.54 per cent, to Rs 137.50 per kg in 1540 lots.

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

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

First Published: Mon, December 17 2018. 15:30 IST