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Aluminium futures fell 0.44% to Rs 124.65 per kg today as speculators reduced exposures amid a weak trend in base metals at the London Metal Exchange following worse-than-expected manufacturing data from China.
At the Multi Commodity Exchange, aluminium for delivery in August shed 55 paise, or 0.44%, to Rs 124.65 per kg, with a business turnover of 571 lots.
The metal for delivery in September also fell 50 paise, or 0.40%, to trade at Rs 124.90 per kg in a turnover of 162 lots.
Marketmen said a weak trend in copper and other base metals at the London Metal Exchange on worse-than-expected manufacturing data from China amid subdued demand from consuming industries at domestic spot markets, mainly weighed on aluminium prices at futures trade here.
