Aluminium futures were trading lower during the afternoon trade in the domestic market on Wednesday as speculators trimmed their positions amid subdued demand from consuming industries in the spot market. Analysts said cutting down of holdings by participants owing to sluggish demand from consuming industries in the physical market mainly influenced aluminium prices at futures trade.
At the MCX, aluminium futures for October 2017 contract is trading at Rs 138.85 per kg, down by 1.03%, after opening at Rs 139.90, against a previous close of Rs 140.30. It touched the intra-day low of Rs 138.70.
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