Aluminium futures rise on global cues, spot demand

NEW DELHI, Mar 7: Aluminium prices edged up by 0.19 per cent to Rs 107.90 per kg in futures trade today as participants enlarged their positions, supported by a firming trend overseas.
Besides, strong demand in the spot markets also influenced metal prices.
At the Multi Commodity Exchange, aluminium for delivery in March inched up by 20 paise, or 0.19 per cent, to Rs 107.90 per kg in business turnover of 104 lots.
Likewise, the metal for delivery in April traded higher marginally by 15 paise, or 0.14 per cent, to Rs 109.25 per kg in three lots.
Marketmen said apart from increased domestic demand, a firming global trend helped aluminium futures to trade higher. (AGENCIES)