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Aluminium futures experienced a decline on Tuesday, with prices falling by 45 paise to Rs 256.55 per kilogram. The drop was primarily due to participants reducing their positions in response to weak demand in the spot market.
Key Market Movements
On the Multi Commodity Exchange (MCX), aluminium for delivery in March fell by 45 paise, or 0.18%, trading at Rs 256.55 per kilogram. This movement came with a trading volume of 2,209 lots.
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Weak Demand Continues to Pressure Prices
Analysts pointed to reduced demand from consuming industries as a key factor behind the price drop. The easing of demand led participants to cut their positions, contributing to the overall weakness in aluminium prices.
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