Aluminium futures weaken 0.12 pc on sluggish demand

Aluminium prices softened by 0.12 per cent to Rs 125.25 per kg in futures trading today as speculators trimmed their positions, taking negative cues from spot market on subdued demand from consuming industries.

At the Multi Commodity Exchange, aluminium for delivery in March shed 15 paise, or 0.12 per cent, to Rs 125.25 per kg in a business turnover of 110 lots.

On similar lines, the metal for delivery in April traded marginally lower by 5 paise, or 0.04 per cent, to Rs 125.60 per kg in 16 lots.

Analysts said, offloading of positions by participants, driven by tepid demand from consuming industries in the physical market, mainly influenced aluminium prices at futures trade.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)