Aluminium prices eased by 0.24 per cent to Rs 122.30 per kg in futures trade today as speculators cut down their positions, driven by subdued demand at the spot market.
At the Multi Commodity Exchange, aluminium for delivery in June declined by 30 paise, or 0.24 per cent, to Rs 122.30 per kg in a business turnover of 169 lots.
On similar lines, the metal for delivery in July traded lower by a similar margin to Rs 122.70 per kg in 10 lots.
Analysts said offloading of positions by participants owing to slackened demand from consuming industries in the physical market mainly influenced aluminium prices at futures trade.
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