New Delhi, Feb 27 – Aluminium prices witnessed a decline of 45 paise to settle at Rs 257.65 per kilogram in the futures market on Thursday, driven by reduced demand from consuming industries.
On the Multi Commodity Exchange (MCX), aluminium futures for March delivery fell 0.17%, trading at Rs 257.65 per kg in a total of 2,899 lots.
Market analysts attribute the decline to participants trimming their positions, influenced by a weak trend in the spot market. The easing demand from key industries played a crucial role in the downward movement of aluminium prices.
The metal’s price fluctuations are closely watched by investors and industries reliant on aluminium, including automotive, construction, and packaging sectors.
