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Aluminium futures edge up on global cues

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 1:37 AM IST

In range-bound trade, aluminium futures prices moved up by 0.32 per cent to Rs 111.20 per kg today, largely in line with a firm trend  at the London Metal Exchange (LME).

Firm trends at the domestic spot market on the back of pick up in demand also supported the upside in aluminium futures prices.

At the Multi Commodity Exchange counter, aluminium for delivery in December gained 35 paise, or 0.32 per cent, to Rs 110.20 per kg, with a business turnover of four lots.

The metal for delivery in January also strengthened by similar margin to Rs 111.05 per kg in a turnover of six lots.

At the LME, aluminium rose 0.4 per cent to $2,442.25 a tonne.

Market nalysts said besides firm trend at the LME and pick up in demand at domestic spot markets, influenced the aluminium futures prices.

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First Published: Dec 24 2010 | 2:15 PM IST

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