New Delhi, Jan 31 (PTI) Aluminium prices traded higher by 0.35 per cent to Rs 141.60 per kg in futures trade today as speculators built up fresh positions, driven by a firm trend overseas amid upsurge in demand in the spot market. Also Read - Aluminium futures remain weak, shed 0.26% on weak domestic demand
At the Multi Commodity Exchange, aluminium for delivery in January edged up by 50 paise, or 0.35 per cent to Rs 141.60 per kg in business turnover of 2,771 lots. Also Read - Aluminium futures shed 0.04% on global cues, low demand
Similarly, the metal for delivery in February was trading higher by 35 paise, or 0.25 per cent to Rs 141.45 per kg in 2,761 lots. Also Read - Nickel futures up 0.69% on spot demand, firm global cues
line with a firm trend in base metals overseas and uptick in demand from consuming industries in the spot market, mainly influenced aluminium prices at futures trade.
Meanwhile, aluminium for delivery in three month increased USD 20 to USD 2,227 per tonne on the London Metal Exchange.
This is published unedited from the PTI feed.