 "Aluminium up marginally on firm trend abroad")
Aluminium prices today marginally up by 0.09 per cent to Rs 108.70 per kg in futures trade as speculators enlarged positions amid a firming trend overseas.
Increased demand in domestic spot markets also influenced prices.
At the Multi Commodity Exchange, aluminium for delivery in April rose by 10 paise, or 0.09 per cent, to Rs 108.70 per kg in business turnover of 82 lots.
Market analysts said the rise in aluminium prices at futures trade was mostly attributed to a firming trend in metal at the London Metal Exchange as Alcoa Inc forecast global demand will exceed production this year, predicting an end to an almost decade-long surplus driven by Chinese output.
Besides, rising demand at domestic spot markets also influenced aluminium prices at futures trade.
Increased demand in domestic spot markets also influenced prices.
At the Multi Commodity Exchange, aluminium for delivery in April rose by 10 paise, or 0.09 per cent, to Rs 108.70 per kg in business turnover of 82 lots.
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The May contract traded higher by 5 paise, or 0.09 per cent, to Rs 110.10 per kg in 7 lots.
Market analysts said the rise in aluminium prices at futures trade was mostly attributed to a firming trend in metal at the London Metal Exchange as Alcoa Inc forecast global demand will exceed production this year, predicting an end to an almost decade-long surplus driven by Chinese output.
Besides, rising demand at domestic spot markets also influenced aluminium prices at futures trade.