Aluminium futures weaken on global cues

NEW DELHI, Sept 10: Aluminium prices edged lower by 0.14 per cent to Rs 107.90 per kg in futures trade today after traders reduced their exposure amid weak global cues.
Besides, subdued demand in the domestic spot market weighed.
At Multi Commodity Exchange, aluminium for delivery in current month eased 15 paise or 0.14 per cent to Rs 107.90 per kg in a business turnover of 97 lots.
Also, the metal for delivery in October contracts fell by a similar margin to trade at Rs 108.95 per kg in seven lots.
Marketmen said the weakness in aluminium at futures trade is mostly in line with a weak trend in copper and other base metals at the London Metal Exchange (LME) and muted demand at domestic spot markets. (PTI)