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Aluminium prices traded marginally down by 0.08% to Rs 121.25 per kg in futures trading today as speculators reduced exposure amid sluggish demand from consuming industries in the spot market.
At the Multi Commodity Exchange, aluminium for delivery in December shed 10 paise, or 0.08% to Rs 121.25 per kg in business turnover of 548 lots.
Similarly, the metal for delivery in January next year traded lower by 5 paise, or 0.04% to Rs 122.15 per kg in 14 lots.
Analysts said off-loading of positions by speculators due to subdued demand in the spot markets from consuming industries and weakness in copper and other base metals at the London Metal Exchange, mainly put pressure on aluminium prices at futures trade.
