Aluminium prices turned weak and traded marginally lower by Rs 0.20 or 0.21 per cent to Rs 94.65 per kg, in futures trading today, after tracking a weak trend at spot market amid profit-booking at existing higher levels.
At the Multi Commodity Exchange counter, aluminium for delivery May-month contract declined by Rs 0.20, or 0.21 per cent to Rs 94.65 per kg, with an open interest of 21 lots.
The metal for delivery in June contract also weakened by the similar margin at Rs 95.50 per kg, in 929 lots.
At the London Metal Exchange, aluminium traded flat at $2,065 per tonne, while at Shanghai it rose by 165 yuan to 15,425 yuan per tonne.
Marketmen said, besides weak trend at the physical market on subdued demand, profit-taking also put some pressure on the aluminium prices at futures market here.