Aluminium futures prices downturn on weak demand

Estimated read time 1 min read

New Delhi, June 17: Aluminium prices fell by 95 paise to Rs 242.35 per kg in futures trade on Monday as participants cut their positions following a weak trend in the spot market.

Aluminium contracts for July delivery fell by 95 paise, or 0.39 percent, to Rs 242.35 per kg on the Multi Commodity Exchange in a business of 1,538 lots.

Analysts said aluminium prices fell mainly due to participants cutting their positions due to sluggish demand from consumer industries.

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