 "Aluminium sheds 0.25% on global cues")
In restricted movements, aluminium prices fell 0.25 per cent to Rs 100 per kg in futures trading today, taking weak cues from global markets.
Further, subdued demand in the domestic spot markets also weighed on the metal prices.
At the Multi Commodity Exchange, aluminium for delivery in October shed 25 paise, or 0.25 per cent, to Rs 100 per kg in business turnover of 576 lots.
The November contract traded lower by a similar margin to Rs 101.70 in 70 lots.
Market analysts said the weakness in aluminium at futures trade was mostly in tune with a downtrend in select base metals at the London Metal Exchange (LME) and subdued demand at the domestic spot markets.
Further, subdued demand in the domestic spot markets also weighed on the metal prices.
At the Multi Commodity Exchange, aluminium for delivery in October shed 25 paise, or 0.25 per cent, to Rs 100 per kg in business turnover of 576 lots.
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Market analysts said the weakness in aluminium at futures trade was mostly in tune with a downtrend in select base metals at the London Metal Exchange (LME) and subdued demand at the domestic spot markets.