Aluminium up 0.31 per cent in futures trade

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Aluminium prices moved up by 0.31 per cent to Rs 112.20 per kg in futures trading today as speculators created fresh positions driven by a firming trend overseas. 

At the Multi Commodity Exchange , aluminium for delivery in May gained 35 paise, or 0.31 per cent to Rs 112.20 per kg, with a trade volume of 99 lots. 

The metal for delivery in June also traded higher by 30 paise, or 0.27 per cent to Rs 112.95 per kg, with a business turnover of 10 lots. 

Analysts said a better trend in the global markets along with good spot markets demand helped aluminium prices to recover at futures trade here.

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