Aluminium prices experienced a slight decline of 50 paise, settling at Rs 258.25 per kilogram in futures trading on Friday. This drop was driven primarily by traders reducing their holdings amid subdued demand in the spot market.
On the Multi Commodity Exchange (MCX), aluminium contracts for March delivery witnessed a fall of 0.19 percent, closing at Rs 258.25 per kg. The trading session saw a total of 3,002 lots being exchanged.
Market analysts attributed the downward trend to weakening demand from key consumer industries, prompting participants to scale back their market exposure. With limited buying interest prevailing in the physical markets, aluminium futures came under pressure, reflecting cautious market sentiment.
Traders will closely monitor spot market trends and industrial consumption levels to gauge future aluminium price movements.
