Aluminium futures up 0.09% as demand picks up

Aluminium prices traded marginally higher by 0.09 per cent to Rs 109.65 per kg in futures trade today as participants enlarged position, tracking a firm trend at spot market on pick-up in demand from consuming industries.
At the Multi Commodity Exchange, aluminium for delivery in August traded higher by 10 paise, or 0.09 per cent to Rs 109.65 per kg in a business turnover of 183 lots.
Similarly, the metal for delivery in September contracts edged up by 5 paise, or 0.05 per cent to Rs 110.55 per kg in 47 lots.
Analysts said increasing of positions by traders on the back of uptick in demand from consuming industries in the spot market, helped aluminium prices to trade higher at futures trade.