Aluminium prices moved down by 0.59 per cent to Rs 151.05 per kg in futures market today as speculators cut their positions, taking negative cues from the spot market on easing demand.
At the Multi Commodity Exchange, aluminium for delivery in July declined by 90 paise, or 0.59 per cent, to Rs 151.05 per kg in a business turnover of 4 lots.
Likewise, the metal for delivery in June contracts was trading lower by 75 paise, or 0.49 per cent, at Rs 151.20 per kg in 451 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.
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