New Delhi, Mar 12 (PTI) Aluminium futures today drifted by Rs 0.65 to Rs 100.65 per kg in tandem with a weak trend overseas amid high industrial output by China. Weak demand in spot markets also weighed on aluminium prices at the futures market.
At the Multi Commodity Exchange, aluminium for delivery in March traded Rs 0.65 or 0.35 per cent down at Rs 100.65 per kg in a turnover of 129 lots. The metal for delivery in April also edged lower by Rs 0.65 or 0.34 per cent to Rs 101.75 per kg in turnover of six lots.
Analysts attributed the fall in aluminium futures prices to a weak trend in the overseas market after Chinese production of the metal in February jumped nearly 50 per cent from the year-ago period to 1.308 million tonnes.
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