Aluminium futures down on overseas trend

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NEW DELHI: Aluminium futures prices fell 0.57 per cent to Rs 113.45 per kg today as speculators reduced positions amid a weak trend in base metals at the London Metal Exchange.

At the Multi Commodity Exchange, aluminium for delivery in January lost 65 paise, or 0.57 per cent, to Rs 113.45 per kg, with a business turnover of 231 lots.

The metal for delivery in February also shed 60 paise, or 0.52 per cent, to trade at Rs 113.75 per kg in a turnover of 18 lots.

Marketmen said a weak trend in copper and other base metals at the London Metal Exchange and subdued demand from consuming industries at domestic spot markets, mainly put pressure on aluminium prices at futures trade here.