Aluminium down by 0.2% on global cues

Aluminium prices fell 0.20% to Rs 100.30 per kg in futures trading today, taking weak cues from global markets.

Furthermore, subdued demand in the domestic spot markets also weighed on the metal prices.

At the Multi Commodity Exchange, aluminium for delivery in December shed 20 paise, or 0.20%, to Rs 100.30 per kg in a business turnover of 45 lots.

Metal for delivery in current month (November)fell by 10 paise, or 0.10%, to trade at Rs 99.20 per kg in 1,131 lots.

Analysts said the weakness in aluminium at futures trade was mostly in tune with a downtrend in select base metals at the London Metal Exchange (LME) and muted demand at domestic spot markets.

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