Aluminium futures ease on low demand

New Delhi: Aluminium prices on Friday softened by 0.13 per cent to Rs 150.20 per kg in futures trade as speculators cut bets amid subdued demand in spot market. On the Multi Commodity Exchange, aluminium for delivery in October contracts eased by 20 paise, or 0.13 per cent, to Rs 150.20 per kg in a business turnover of 722 lots.

Analysts said offloading of positions by participants owing to slackened demand from consuming industries in the physical market weighed on aluminium prices in futures trade.