 "Aluminium down 0.26% on overseas trend")
Aluminium futures prices fell 0.26 per cent to Rs 115.35 per kg today as speculators reduced positions amid a weak trend in base metals at the London Metal Exchange.
At the Multi Commodity Exchange, aluminium for delivery in August lost 30 paise, or 0.26 per cent, to Rs 115.35 per kg, with a business turnover of 250 lots.
The July contract shed 25 paise, or 0.22 per cent, to trade at Rs 114.15 per kg in a turnover of 250 lots.
Marketmen said a weak trend in copper and other base metals at the London Metal Exchange and subdued demand from consuming industries at domestic spot markets, mainly put pressure on aluminium prices at futures trade here.
At the Multi Commodity Exchange, aluminium for delivery in August lost 30 paise, or 0.26 per cent, to Rs 115.35 per kg, with a business turnover of 250 lots.
The July contract shed 25 paise, or 0.22 per cent, to trade at Rs 114.15 per kg in a turnover of 250 lots.
Marketmen said a weak trend in copper and other base metals at the London Metal Exchange and subdued demand from consuming industries at domestic spot markets, mainly put pressure on aluminium prices at futures trade here.