Aluminium prices softened by 0.41 per cent to Rs 145.90 per kg in futures trading Monday as speculators cut down bets amid subdued demand at domestic spot market.
At the Multi Commodity Exchange, aluminium for delivery in October declined by 60 paise, or 0.41 per cent, to Rs 145.90 per kg in business turnover of four lots.
Similarly, the metal for delivery in September contracts shed 55 paise, or 0.38 per cent, to Rs 144.45 per kg in 226 lots.
Analysts said offloading of positions by participants due to easing demand from consuming industries in the physical market and a weak trend overseas where base metals prices fell sharply on reports that US tariffs on USD 200 billion of Chinese goods could be imposed immediately, raising fears that demand for industrial metals will soften, weighed on aluminium prices at futures trade.
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