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Aluminium down 0.2% on global cues

Market analysts said speculators offloaded their positions in tandem with a weak global trend

Press Trust of India New Delhi
Aluminium futures prices fell 0.27% to Rs 108.90 per kg today tracking a weak trend in the global markets amid subdued domestic demand.

At the Multi Commodity Exchange, aluminium for delivery in March declined by 30 paise, or 0.27%, to Rs 108.10 per kg in business turnover of eight lots.

Similarly, the metal for delivery in February traded lower by 25 paise, or 0.23%, to Rs 107.55 per kg in 165 lots.

Market analysts said speculators offloaded their positions in tandem with a weak global trend as more than estimated decline in Chinese manufacturing, mainly led to the decline in aluminium futures prices.

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First Published: Feb 20 2014 | 1:02 PM IST

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