 "Aluminium down 0.4% on overseas cues")
Aluminium futures fell 0.44% to Rs 124.65 per kg today as speculators reduced exposures amid a weak trend in base metals at the London Metal Exchange following worse-than-expected manufacturing data from China.
At the Multi Commodity Exchange, aluminium for delivery in August shed 55 paise, or 0.44%, to Rs 124.65 per kg, with a business turnover of 571 lots.
The metal for delivery in September also fell 50 paise, or 0.40%, to trade at Rs 124.90 per kg in a turnover of 162 lots.
Marketmen said a weak trend in copper and other base metals at the London Metal Exchange on worse-than-expected manufacturing data from China amid subdued demand from consuming industries at domestic spot markets, mainly weighed on aluminium prices at futures trade here.
At the Multi Commodity Exchange, aluminium for delivery in August shed 55 paise, or 0.44%, to Rs 124.65 per kg, with a business turnover of 571 lots.
The metal for delivery in September also fell 50 paise, or 0.40%, to trade at Rs 124.90 per kg in a turnover of 162 lots.
Marketmen said a weak trend in copper and other base metals at the London Metal Exchange on worse-than-expected manufacturing data from China amid subdued demand from consuming industries at domestic spot markets, mainly weighed on aluminium prices at futures trade here.