Indian Aluminum futures marginally down

ET reported that Indian aluminum traded 0.13% lower in futures trade after speculators offloaded their positions, taking weak cues from global markets.

At the Multi Commodity Exchange, aluminum for delivery in March traded 20 paise or 0.13% lower to INR 115.95 per kilogram with a business turnover of three lots.

The metal for delivery in February also down marginally by 10 paise, or 0.09% to INR 115.05 per kilogram with a trading volume of four lots. Meanwhile, at the London Metal Exchange aluminum shed 0.2% to USD 2,545 per tonne.

Analysts said that losses in the most of base metals at the London Metal Exchange slackened domestic demand and weighed on the aluminum futures prices here.

（Sourced from Economic Times）