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Aluminium futures up 0.5% on pick-up in demand, global cues


New Delhi:  Aluminium futures edged higher by 0.50 per cent to Rs 111.40 per kg today as speculators enlarged positions amid pick-up in demand at spot markets.

Besides, a firming trend in base metals pack at London Metal Exchange supported the upside.

At Multi Commodity Exchange, aluminium for delivery in March rose 55 paise, or 0.50 per cent, to Rs 111.40 per kg with a business turnover of 612 lots.

The metal for delivery in April also gained 50 paise, or 0.45 per cent, to trade at Rs 112.40 per kg in a turnover of 94 lots.

Traders said a firm trend in the metal at spot markets on increased demand from consuming industries, influenced aluminium prices at futures trade here.

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