Aluminium futures ease on low demand

New Delhi, Dec 31 (PTI) Aluminium prices on Thursday softened by 0.59 per cent to Rs 161.15 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 eased by 95 paise, or 0.59 per cent, to Rs 161.15 per kg in a business turnover of 898 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