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Aluminium prices on Monday declined by 0.17% to ₹202.20 per kilogram in the futures market as participants trimmed their positions on a weak trend in the spot market.
On the Multi Commodity Exchange, aluminium for delivery in March fell 35 paise or 0.17% to ₹202.20 per kg in 4,380 lots.
Analysts said cutting down of positions by participants on easing demand from consuming industries mainly kept aluminium prices lower.
Also Read : India hikes import tariff on gold and silver findings, coins of precious metals to 15% Aluminium fell as China’s macroeconomic data continues to disappoint
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