Muted demand drags down aluminium futures by 0.37%

Aluminium prices were down by 0.37 per cent to Rs 107.30 per kg in futures trade today as traders reduced exposure amid subdued demand in the spot market.
At the Multi Commodity Exchange, aluminium for delivery in September month traded lower by 40 paise, or 0.37 per cent to Rs 107.30 per kg in business turnover of 1,946 lots.
Likewise, the metal for delivery in October contracts edged down by 35 paise, or 0.32 per cent to Rs 108.30 per kg in 95 lots.
Marketmen said offloading of positions by participants on the back of tepid demand in the spot market, led to decline in aluminium prices at futures trade.