Aluminium futures ease on low demand

New Delhi, Mar 23 (PTI) Aluminium prices on Tuesday softened by 1.64 per cent to Rs 174.25 per kg in futures trade, as speculators cut bets amid subdued demand in spot market.

On the Multi Commodity Exchange, aluminium contracts for March delivery eased by Rs 2.90, or 1.64 per cent, to Rs 174.25 per kg in a business turnover of 827 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