Aluminium futures were trading lower during the noon trade in the domestic market on Monday as investors and speculators remained on the sidelines amidst muted physical demand for aluminium in the domestic spot market.

Further, sluggish demand for aluminium at the domestic spot market was on the back of trimming of bets by participants in the spot markets, influenced aluminium prices at futures trade.

At the MCX, aluminium futures for August 2016 contract is trading at Rs 111.25 per kg, down by 0.13 %, after opening at Rs 111.10, against a previous close of Rs 111.40. It touched the intra-day low of Rs 110.95 

Aluminium on MCX settled down -0.62% at 111.4 on profit booking after prices hit their strongest level in 13 months propped up by firm demand and tighter supply in top market China. Aluminium production among restarted aluminium smelters in China following production curbs last year has been slow, causing supply to tighten. 

Annual aluminium consumption in China growing by 6.4 % from an earlier estimate of around 4 %. The latest report published by the World Bureau of Metal Statistics (WBMS) indicates that global primary aluminum market has recorded a marginal deficit during the initial six months of the year. 

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