Aluminium futures ease on low demand

Aluminium futures ease on low demand

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New Delhi: Aluminium prices on Tuesday softened by 0.16 per cent to Rs 152 per kg in futures trade as speculators cut bets amid subdued demand in spot market. On the Multi Commodity Exchange, aluminium for delivery in October contracts eased by 25 paise, or 0.16 per cent, to Rs 152 per kg in a business turnover of 1,193 lots.

Analysts said offloading of positions by participants owing to slackened demand from consuming industries in the physical market weighed on aluminum prices in futures trade.

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