Uptick in demand lifts aluminium futures by 0.32%

Aluminium prices moved up by 0.32 per cent to Rs 124.30 per kg in futures trade today as speculators built up fresh positions after pick up in demand in the spot market.
At the Multi Commodity Exchange, aluminium for delivery in March edged up by 40 paise, or 0.32 per cent to Rs 124.30 per kg in business turnover of 180 lots.
On similar lines, the metal for delivery in April contracts was up by 30 paise, or 0.24 per cent to Rs 124.50 per kg in 1 lot.
Analysts said participants created fresh positions on pick up in demand from consuming industries in the spot market and a firm trend in base metals overseas, mainly influenced aluminium prices at futures trade.