Aluminium futures prices remain under pressure

Dec 12 2012, 14:13 IST
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SummaryAluminium futures prices declined by 0.18 per cent to Rs 114.75 per kg today.

Aluminium futures prices declined by 0.18 per cent to Rs 114.75 per kg today as speculators trimmed their positions amid a weak demand in the spot markets.

At the Multi Commodity Exchange, aluminium for delivery in December edged lower by 20 paise, or 0.18 per cent, to Rs 114.05 per kg, with a business turnover of 296 lots.

The metal for delivery in January fell by 15 paise, or 0.13 per cent to Rs 114.75 per kg in a turnover of 16 lots.

Marketmen said the fall in aluminium prices at futures trade to weak demand in the spot markets but gains in metals at the London Metal Exchange, limited the losses.

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