Aluminium futures ease on low demand

Aluminium prices on Thursday softened by 0.58 per cent to Rs 161.45 per kg in futures trade, as speculators cut bets amid subdued demand in spot market.

On the Multi Commodity Exchange, aluminium for February delivery eased by 95 paise, or 0.58 per cent, to Rs 161.45 per kg in a business turnover of 775 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.