Aluminium futures up marginally

Aluminium futures prices were up by 0.14% today, largely in tune with a firming trend in base metals overseas and pick-up in demand from domestic industrial units.

At the Multi Commodity Exchange counter, aluminium for January delivery gained 15 paise, or 0.14%, to Rs 106.95 per kg, with a turnover of 24 lots.

The December contract traded higher by 5 paise, or 0.05%, to Rs 105.55 per kg in a turnover of 198 lots.

Market analysts said pick up in domestic demand and reports of firming trend in base metals at the London Metal Exchange after better-than-expected US economic data, influenced aluminium futures prices here.