 "Aluminium futures marginally up on spot demand")
Aluminium futures traded a shade higher at Rs 127.45 per kg today as participants enlarged positions amid a firming trend in the spot markets on rising demand from consuming industries even as metal softened overseas.
At the Multi Commodity Exchange, aluminium for delivery in September inched up by 10 paise, or 0.08 per cent, to Rs 127.45 per kg in a business turnover of 126 lots.
The October contract rose by a similar margin to trade at Rs 128.45 per kg in just one lot.
Marketmen said increased demand from consuming industries in the spot markets helped aluminium prices to rise at futures trade here but metal's weakness overseas limited the gains.
At the Multi Commodity Exchange, aluminium for delivery in September inched up by 10 paise, or 0.08 per cent, to Rs 127.45 per kg in a business turnover of 126 lots.
The October contract rose by a similar margin to trade at Rs 128.45 per kg in just one lot.
Marketmen said increased demand from consuming industries in the spot markets helped aluminium prices to rise at futures trade here but metal's weakness overseas limited the gains.