Aluminium prices slipped by 70 paise to ?248 per kilogram in Wednesday’s futures trade, as traders reduced their positions amid sluggish demand in the spot market.

On the Multi Commodity Exchange (MCX), aluminium contracts for July delivery declined by 0.28% to ?248 per kg, with a business volume of 3,605 lots.

Analysts attributed the drop to lower demand from consuming industries, prompting participants to pare down their holdings.