Aluminium futures marginally higher on global trend

Aluminium futures traded a shade higher at Rs 109 per kg, largely in tandem with a firming trend at the London Metal Exchange (LME).
Besides, increased demand at domestic spot markets influenced prices.
At Multi Commodity Exchange, aluminium for delivery in May rose 10 paise, or 0.09 per cent, to Rs 109 per kg in a business turnover of nine lots.
Metal for delivery in April was trading higher by five paise, or 0.05 per cent at Rs 108.40 per kg in 30 lots.
Analysts attributed the rise in aluminium prices at futures trade to a firming trend at the London Metal Exchange (LME) fuelled by signs of healthier demand from China's rebounding property market.

The metal used in aircraft to beer cans added 0.2 percent to USD 1,638 a metric tonne by 10:33 a.M. In Shanghai and is up 5.3 per cent this week, most since November 2012.
Industrial metals have rallied this week on speculation that credit easing and a construction revival in China will boost demand in the world's biggest consumer.