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Aluminum futures fall on weak demand

New Delhi, May 2 (PTI) Aluminum prices on Monday fell by Rs 7.30 to Rs 245.60 per kg in futures trade as participants offloaded their positions due to a weak trend at the spot market.

On the Multi Commodity Exchange, aluminum for delivery in May fell by Rs 7.30, or 2.89 per cent, to Rs 245.60 per kg. In this, deals were done for 2,647 lots.

Market analysts said offloading of positions by participants due to subdued demand from consuming industries at the spot market, mainly led to the fall in aluminum prices at futures market.

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