Aluminium falls by 0.4% on profit-booking

Aluminium prices fell by 0.45% to INR 111.50 per kg in futures trade today as participants reduced their exposures even as the metal strengthened at the London Metal Exchange (LME).

At the Multi Commodity Exchange, aluminium for delivery in March eased by 50 paise, or 0.45%, to INR 111.50 per kg in a business turnover of 269 lots.

Similarly, the metal for delivery in April traded lower by 45 paise, or 0.44%, to INR 112.45 per kg in 27 lots.

Marketmen said the weakness in aluminium at futures trade was mostly due to profit-booking by speculators but the metal's gain at the LME, limited the fall.

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