Aluminium futures slide 0.16% on subdued demand

Aluminium prices softened by 0.16 per cent to Rs 125.10 per kg in futures trade today as speculators cut down their bets, driven by muted demand at the spot market.
At the Multi Commodity Exchange, aluminium for delivery in August month declined by 20 paise, or 0.16 per cent to Rs 125.10 per kg in a business turnover of 31 lots.
Similarly, the metal for delivery in July contracts shed 15 paise, or 0.12 per cent to Rs 124.65 per kg in 189 lots.
Analysts said trimming of positions by participants on the back of tepid demand from consuming industries at the spot market mainly influenced aluminium prices at futures trade.