 "Aluminium rises by 0.4% on global cues")
Aluminium prices edged up by 0.45% to Rs 112.35 per kg in futures trade today as participants enlarged positions amid a firming trend overseas.
Besides, industrial demand in spot markets influenced metal prices.
At the Multi Commodity Exchange, aluminium for delivery in January inched up by 50 paise, or 0.45%, to Rs 112.35 per kg in a business turnover of 205 lots.
Marketmen said apart from increased domestic demand, a firming trend in base metals at the London Metal Exchange (LME) on better-than-forecast economic growth in China, the world's largest consumer, helped aluminium futures to trade higher.
Besides, industrial demand in spot markets influenced metal prices.
At the Multi Commodity Exchange, aluminium for delivery in January inched up by 50 paise, or 0.45%, to Rs 112.35 per kg in a business turnover of 205 lots.
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Likewise, the metal for delivery in February traded higher by 25 paise, or 0.22%, to Rs 112.90 per kg in four lots.
Marketmen said apart from increased domestic demand, a firming trend in base metals at the London Metal Exchange (LME) on better-than-forecast economic growth in China, the world's largest consumer, helped aluminium futures to trade higher.