NEW DELHI, May 29 (PTI) Aluminium prices edged up by 25 paise to Rs 111.10 per kg in futures trade today as participants widened positions amid a firming trend overseas.
Strong demand in the spot market also influenced metal prices.
At the Multi Commodity Exchange, aluminium for delivery in May inched up 25 paise, or 0.23 per cent, to Rs 111.10 per kg in a business turnover of 49 lots.
Likewise, the metal for delivery in June traded higher by 20 paise, or 0.18 per cent, to Rs 112.70 per kg in 6 lots.
Marketmen said that apart from increased domestic demand, a firming trend in global markets ahead of data expected to signal a slight upturn in factory activity in China, the world’s biggest consumer of metals, helped aluminium futures trade higher. (PTI)
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