Aluminium futures weaken by 0.88% on weak spot market cues

Aluminium prices traded lower by 0.88 per cent to Rs 135.05 per kg in futures trade today as speculators trimmed their positions, tracking a weak trend at spot market on low demand from consuming industries.
At the Multi Commodity Exchange, aluminium for delivery in November declined by Rs 1.20, or 0.88 per cent to Rs 135.05 per kg in a business turnover of 494 lots.
Similarly, the metal for delivery in December contracts shed Rs 1.15, or 0.84 per cent to Rs 135.60 per kg in 225 lots.
Analysts said cutting down of holdings by participants following sluggish demand from consuming industries in the physical market mainly influenced aluminium prices at futures trade.