Aluminium prices softened 0.24 per cent to Rs 147.20 per kg in futures trading Friday as speculators cut bets amid subdued demand at domestic spot market.
On the Multi Commodity Exchange, aluminium for delivery in May eased by 35 paise, or 0.24 per cent, to Rs 147.20 per kg in a business turnover of 1,538 lots.
Similarly, the metal for delivery in June was trading lower by 5 paise, or 0.03 per cent, to Rs 147.75 per kg in a business turnover of 634 lots.
Analysts said offloading of positions by participants, owing to slackened demand from consuming industries in the physical market, weighed on aluminium prices here.
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