India, June 24 -- Aluminium prices dropped by Rs 2.75 to Rs 247.70 per kg in futures trade on Tuesday, as traders reduced their positions amid a subdued trend in the spot market.
On the Multi Commodity Exchange (MCX), aluminium contracts for July delivery fell by 1.1% to Rs 247.70 per kg, with a turnover of 3,574 lots.
According to analysts, the decline was primarily driven by reduced buying interest from consuming industries, leading participants to pare down their holdings.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....