 "Aluminium rises by 0.2% on firm global trend")
Aluminium prices today rose 0.23% to Rs 111.10 per kg in futures trade as speculators widened bets amid a firming trend overseas.
Besides, increased demand at domestic spot markets also influenced prices.
Aluminium for delivery in June rose 25 paise, or 0.23%, to Rs 111.10 per kg in a business turnover of 29 lots at Multi Commodity Exchange.
Market analysts said the rise in aluminium prices in futures trade was mostly attributed to a firming trend in metal at the London Metal Exchange (LME) as investors await industrial production data from China, which may show an improvement in activity, and rising demand at the spot market here.
Globally, aluminium for delivery in three months was up 0.3% at $1,763.50 at LME.
Besides, increased demand at domestic spot markets also influenced prices.
Aluminium for delivery in June rose 25 paise, or 0.23%, to Rs 111.10 per kg in a business turnover of 29 lots at Multi Commodity Exchange.
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Similarly, the metal for delivery in July traded higher by 15 paise, or 0.13%, to Rs 112.75 per kg in one lot.
Market analysts said the rise in aluminium prices in futures trade was mostly attributed to a firming trend in metal at the London Metal Exchange (LME) as investors await industrial production data from China, which may show an improvement in activity, and rising demand at the spot market here.
Globally, aluminium for delivery in three months was up 0.3% at $1,763.50 at LME.