Aluminium prices fell on the Multi Commodity Exchange due to reduced demand from consuming industries. The price drop was attributed to participants cutting down their positions.
New Delhi, Jan 22 (PTI) Aluminium prices on Wednesday slipped Rs 2.20 to Rs 251.30 per kilogram in the futures market as participants trimmed their positions on a weak trend in the spot market.
On the Multi Commodity Exchange, aluminium for delivery in February fell Rs 2.20 or 0.87 per cent to Rs 251.30 per kg in 2,612 lots.
Analysts said cutting down of positions by participants on easing demand from consuming industries mainly kept aluminium prices lower.
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