Aluminium rises on global cues, spot demand

Prices rise on the back of strong domestic demand and firm global cues

Aluminium prices today edged up by 0.26% to Rs 115.45 per kg at futures market on the back of strong domestic demand and firm global cues.

At the Multi Commodity Exchange, the December contract gained 30 paise, or 0.26%, to Rs 115.45 per kg, with a business turnover of 15 lots.

The January contract rose by similar margin to trade at Rs 114.85 per kg in a business turnover of 250 lots.

Marketmen said the rise in aluminium prices at futures trade was in line with a firming trend in base metals at the London Metal Exchange boosted by data showed China's manufacturing may expand at a faster pace.