Aluminium gains by 0.2% on overseas cues
Participants widened positions amid a firming trend overseas
 "Aluminium gains by 0.2% on overseas cues")
Aluminium prices edged up by 25 paise to Rs 111.10 per kg in futures trade today as participants widened positions amid a firming trend overseas.
Strong demand in the spot market also influenced metal prices.
At the Multi Commodity Exchange, aluminium for delivery in May inched up 25 paise, or 0.23%, to Rs 111.10 per kg in a business turnover of 49 lots.
Marketmen said that apart from increased domestic demand, a firming trend in global markets ahead of data expected to signal a slight upturn in factory activity in China, the world's biggest consumer of metals, helped aluminium futures trade higher.
Strong demand in the spot market also influenced metal prices.
At the Multi Commodity Exchange, aluminium for delivery in May inched up 25 paise, or 0.23%, to Rs 111.10 per kg in a business turnover of 49 lots.
Also Read
Likewise, the metal for delivery in June traded higher by 20 paise, or 0.18%, to Rs 112.70 per kg in 6 lots.
Marketmen said that apart from increased domestic demand, a firming trend in global markets ahead of data expected to signal a slight upturn in factory activity in China, the world's biggest consumer of metals, helped aluminium futures trade higher.