Aluminium futures marginally up on spot demand

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In restricted movement, aluminium traded higher by 0.70 per cent to Rs 115.40 per kg in futures trading today largely supported by firm spot demand amid short-covering by speculators. 

At the Multi Commodity Exchange , aluminium for delivery in April gained 80 paise, or 0.70 per cent, to Rs 115.40 per kg, with a business turnover of one lot. 

The metal for delivery in February also strengthened by 10 paise, or 0.09 per cent, to Rs 113.60 per kg, with an open interest of two lots. 

Meanwhile, at the London Metal Exchange aluminium was trading a shade higher at USD 2,533 per tonne. 

Market analysts said apart from firming trend at the London Metal Exchange, higher domestic demand also influenced aluminium futures prices here.

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