Aluminium futures soften on subdued demand

Aluminium prices on Thursday fell 20 paise to Rs 130.65 per kg in futures market as participants trimmed their positions amid a weak trend at spot market.

On the Multi Commodity Exchange, aluminium for delivery in November declined by 20 paise, or 0.15 per cent, to Rs 130.65 per kg in 703 lots.

Analysts said cutting down of positions by participants on easing demand from consuming industries in physical market mainly kept aluminium prices lower here.