Aluminium prices slipped by Rs 2 per kg at the non-ferrous metal market today following a weak trend overseas coupled with easing demand at the domestic spot market.
Traders said sentiment in aluminium turned bearish after the US softened its stance on sanctions against Russian metals giant United Company Rusal.
Globally, aluminium for delivery in three-month dropped 1.2 per cent to USD 2,266.50 a metric tonne on the London Metal Exchange.
Besides, a fall in demand from consuming industries at domestic spot market, weighed on the prices.
In the national capital, aluminium ingots, sheet cutting, wire scrap and utensils scrap were trading down by Rs 2 each to Rs 164, Rs 160, Rs 160 and Rs 158 per kg, respctively.
Following are today's metal rates (in Rs per kg):