Aluminium prices declined by 0.53% on Thursday in the futures market, driven by weak demand and reduced positions by market participants.
New Delhi, Jun 13 (PTI) Aluminium prices on Thursday declined by 0.53 per cent to Rs 233.80 per kg in the futures market as participants trimmed their positions amid a weak trend in spot markets.
On the Multi Commodity Exchange, aluminium for delivery in July fell Rs 1.25 or 0.53 per cent to Rs 233.80 per kg in a trading volume of 1,003 lots.
Analysts said cutting down of positions by participants on easing demand from consuming industries pulled down aluminium prices.
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