Aluminium futures slip on low demand

Press Trust of India  |  New Delhi 

Aluminium prices softened 0.14 per cent to Rs 141.65 per kg in futures trade Tuesday as speculators cut bets amid subdued demand at the spot market.

On Multi Commodity Exchange, aluminium contracts for July delivery eased by 20 paisa, or 0.14 per cent, to Rs 141.65 per kg in a business turnover of 2,773 lots.

Analysts said offloading of positions by participants owing to slackened demand from consuming industries at spot market mainly weighed on the aluminium prices here.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, July 09 2019. 14:00 IST