Aluminium futures rise on spot demand, global cues

NEW DELHI, Mar 13:  Aluminium prices edged up by 0.33 per cent to Rs 106.45 per kg in futures trade today as participants enlarged their positions, supported by a firming trend overseas.
Further, strong demand in the spot markets also influenced metal prices.
At the Multi Commodity Exchange, aluminium for delivery in March inched up by 35 paise, or 0.33 per cent, to Rs 106.45 per kg in business turnover of 1,814 lots.
Likewise, the metal for delivery in April traded higher marginally by 30 paise, or 0.28 per cent, to Rs 107.80 per kg in 135 lots.
Marketmen said apart from increased domestic demand, a firming global trend helped aluminium futures to trade higher.
Meanwhile, aluminium climbed 1.5 per cent to USD 1,981.50 tonne on the London Metal Exchange. (PTI)