 "Aluminium down by 0.4% on global cues")
Aluminium prices fell 0.45% to Rs 100.25 per kg in futures trading today with speculators indulged in cutting down their positions, taking weak cues from global markets.
Furthermore, subdued demand in the domestic spot markets also weighed on the metal prices.
At the Multi Commodity Exchange, aluminium for delivery in current month shed 45 paise, or 0.45%, to Rs 100.25 per kg in a business turnover of 176 lots.
Analysts said the weakness in aluminium at futures trade was mostly in tandem with a downtrend in select base metals at the London Metal Exchange (LME) as concerns over slowing demand in China dominated trading ahead of gross domestic product data and output figures from the world's biggest consumer next week.
Furthermore, subdued demand in the domestic spot markets also weighed on the metal prices.
At the Multi Commodity Exchange, aluminium for delivery in current month shed 45 paise, or 0.45%, to Rs 100.25 per kg in a business turnover of 176 lots.
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Metal for delivery in February fell by a similar margin to trade at Rs 100.65 per kg in eight lots.
Analysts said the weakness in aluminium at futures trade was mostly in tandem with a downtrend in select base metals at the London Metal Exchange (LME) as concerns over slowing demand in China dominated trading ahead of gross domestic product data and output figures from the world's biggest consumer next week.