Aluminium futures ease on low demand

New Delhi, Mar 25 (PTI) Aluminium prices on Thursday softened by 1.13 per cent to Rs 175.70 per kg in futures trade, as speculators cut bets amid subdued demand in spot market.

On the Multi Commodity Exchange, aluminium contracts for April delivery eased by Rs 2, or 1.13 per cent, to Rs 175.70 per kg in a business turnover of 1,199 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