Aluminium futures down on sluggish demand

New Delhi, Feb 23 (PTI) Aluminium prices edged lower by 0.14 per cent to Rs 110.20 per kg in the futures market, tracking a weak trend in global markets and subdued domestic demand.

 

 

At the Multi Commodity Exchange, aluminium for delivery in February shed 35 paise, or 0.14 per cent, to Rs 110.20 per kg, with a business volume of 188 lots.

 

 

In a similar fashion, the metal for March delivery moved down by 10 paise, or 0.09 per cent, to Rs 111.40 per kg, in a turnover of 36 lots.

 

 

Aluminium was trading 0.30 per cent down at USD 2,274 per tonne at the London Metal Exchange (LME) in early trade today.

 

 

Market analysts said weak trend in base metals at the LME along with subdued spot demand, weighed down aluminium prices at futures trade.