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Aluminium futures soften by 0.25% on global cues

Press Trust of India  |  New Delhi 

prices shed 0.25 per cent to Rs 156.95 per kg in futures trade today as speculators reduced exposure amid a weak trend overseas.

At the Multi Commodity Exchange, for delivery

in June declined by 40 paise, or 0.25 per cent, to Rs 156.95 per kg in business turnover of 15 lots.

Similarly, the for delivery in May contracts fell by 30 paise, or 0.19 per cent, to Rs 156.10 per kg in 344 lots.

Analysts said offloading of positions by participants in line with a weak trend overseas where the slipped for a third session in a row as inventories increased, easing worries over a supply shortage in the aftermath of US sanctions on major Russian

Globally, for three-month delivery was off 0.6 per cent at USD 2,280 tonne on the London Exchange.

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

First Published: Fri, May 18 2018. 11:25 IST