Aluminium futures ease on low demand

New Delhi, Oct 29 (PTI) Aluminium prices on Thursday softened by 0.27 per cent to Rs 149.75 per kg in futures trade as speculators cut bets amid subdued demand in spot market.

On the Multi Commodity Exchange, aluminium for delivery in October contracts eased by 40 paise, or 0.27 per cent, to Rs 149.75 per kg in a business turnover of 623 lots.

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