Aluminium futures remain weak, shed 1.17 pc on muted demand

Aluminium prices further went down by 1.17 per cent to Rs 135.30 per kg in futures trade today as speculators engaged in trimming positions, tracking a weak trend at the spot market on tepid demand.
At the Multi Commodity Exchange, aluminium for delivery in November declined by Rs 1.60, or 1.17 per cent, to Rs 135.30 per kg in a business turnover of 2,998 lots.
Likewise, the metal for delivery in December traded lower by Rs 1.45, or 1.06 per cent, to Rs 135.90 per kg in 1,364 lots.
Analysts said offloading of positions by participants owing to subdued demand from consuming industries in the physical market mainly kept aluminium prices down at futures trade.