NEW DELHI, Aug 10: Aluminium prices fell 0.20 per cent to Rs 100.15 per kg in futures trading today, taking weak cues from global markets.
Furthermore, subdued demand in the domestic spot markets also weighed on the metal prices.
At the Multi Commodity Exchange, aluminium for delivery in August shed 20 paise, or 0.20 per cent, to Rs 100.15 per kg in business turnover of 214 lots.
Metal for delivery in September month contracts fell by a similar margin to trade at Rs 101.75 per kg in five lots.
Analysts said the weakness in aluminium at futures trade was mostly in tune with a downtrend in select base metals at the London Metal Exchange (LME) after inflation and trade data from China underscored weakening demand in the world’s biggest consumer.
Globally, at the LME aluminum declined after hitting a six-year low last week, dropping 0.4 per cent to USD 1,583 a per tonne, kept pressure on metal prices at futures trade here. (PTI)
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