Aluminium prices weakened by 0.43 per cent to Rs 149.65 per kg in futures trade today as speculators reduced their exposure amid a weak trend at the spot markets on tepid demand.
At the Multi Commodity Exchange, aluminium for delivery in June declined by 65 paise, or 0.43 per cent to Rs 149.65 per kg in business turnover of 366 lots.
Similarly, the metal for delivery in July was trading lower by a similar margin to Rs 149.40 per kg in 61 lots.
Analysts said cutting down of positions by traders owing to slackened demand from consuming industries in the physical market weighed on aluminium prices in futures trade.
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