Aluminium futures tad higher by 0.18% on spot demand

Aluminium prices were marginally higher by 0.18 per cent to Rs 139.90 per kg in futures trade today as speculators created fresh positions amid improved demand in the spot market.

At the Multi Commodity Exchange, aluminium for delivery in November inched up by 25 paise, or 0.18 per cent to Rs 139.90 per kg in business turnover of 727 lots.

Similarly, the metal for delivery in December traded higher by 20 paise, or 0.14 per cent to Rs 140.45 per kg in 94 lots.

Analysts said fresh positions built up by participants after uptick in demand from consuming industries in the physical market mainly influenced aluminium prices at futures trade.