Aluminium futures ease on low demand

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New Delhi, Dec 29 (PTI) Aluminium prices on Tuesday softened by 0.98 per cent to Rs 161.70 per kg in futures trade as speculators cut bets amid subdued demand in spot market.

On the Multi Commodity Exchange, aluminium for delivery in January contracts eased by Rs 1.60, or 0.98 per cent, to Rs 161.70 per kg in a business turnover of 866 lots.

Analysts said offloading of positions by participants owing to slackened demand from consuming industries in the physical market weighed on aluminium prices in futures trade. PTI SHW RUJ RUJ