Aluminium futures down 0.32% on sluggish spot demand

Aluminium futures fell by 0.32 per cent to Rs 108.40 per kg today as speculators reduced their exposure amid a weak trend in the spot market on sluggish demand.

At the Multi Commodity Exchange, aluminium for December delivery fell by 35 paisa, or 0.32 per cent, to Rs 108.40 per kg, with an open interest for just two lots.

Aluminium for November contract delivery also shed 30 paise, or 0.28 per cent, to Rs 107.20 per kg, with a trading volume of four lots.

At the London Metal Exchange, aluminium remained almost flat at $2,403 a tonne in early trade today.

Marketmen said the weakness in aluminium futures was mostly due to the weak trend in the domestic market following sluggish demand, but the steady trend overseas capped the losses here.