Aluminium up by 0.1% on spot demand

Aluminium prices were up by 0.10% to Rs 101.30 per kg in futures trading as traders created fresh positions after pick up in demand at the spot market.

At Multi Commodity Exchange, aluminium for delivery in February inched up by 10 paise, or 0.10%, to Rs 101.30 per kg, in a business turnover of 313 lots.

On similar lines, the metal for delivery in far-month March edged up by a similar margin to Rs 102.10 per kg in four lots.

Market analysts said fresh positions built up by traders on the back of pick up in demand from consuming industries at domestic spot markets, mainly helped aluminium prices to trade higher at futures trade.