Aluminium rises 0.11 pc on high demand

Aluminium prices edged higher by 0.11 per cent to Rs 141.55 per kg in futures trade today as speculators raised bets, driven by pick-up in demand in the spot market.

At the Multi Commodity Exchange, aluminium for delivery in July edged up by 15 paise, or 0.11 per cent, to Rs 141.55 per kg in a business turnover of 75 lots.

Likewise, the metal for delivery in August was trading higher by 5 paise, or 0.04 per cent, at Rs 141.50 per kg in 2 lots.

Analysts said widening of positions by participants following uptick in demand from consuming industries in the physical market, mainly attributed the rise in aluminium prices at futures trade.