Aluminium futures ease on low demand

New Delhi, Jan 13 (PTI) Aluminium prices on Wednesday softened by 0.24 per cent to Rs 164.40 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 40 paise, or 0.24 per cent, to Rs 164.40 per kg in a business turnover of 851 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