Aluminium futures firm up on global trend

Aluminium futures traded a shade higher at Rs 100.70 per kg, largely in tandem with a firming trend in base metals at the London Metal Exchange (LME).
Besides, increased demand at domestic spot markets also influenced prices.
At Multi Commodity Exchange, aluminium for delivery this month rose 20 paise, or 0.20 per cent, to Rs 100.70 per kg in a business turnover of 113 lots.
Metal for delivery in September contracts also rose by 10 paise, or 0.10 per cent, to trade at Rs 102.30 per kg in three lots.
Market analysts said the rise in aluminium prices in futures trade was mostly in line with a firming trend in base metals at the London Metal Exchange (LME) after weaker-than-expected inflation figures from the US trimmed bets on a September interest rate increased and the dollar weakened.