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Indian aluminum futures edges up on global cues

PTI reported that aluminium futures prices moved up by 0.91% to INR 104.90 per kilogram in line with a firming trend in other base metals at global markets.

At the Multi Commodity Exchange counter, aluminium for delivery in December gained 95 paise or 0.91% to INR 104.90 per kilogram with a business turnover of 193 lots.

The metal for delivery in January contract also edged up by 95 paise or 0.90% to INR 106.10 per kilogram with a turnover of 25 lots. Meanwhile, at the London Metal Exchange counter aluminium advanced 1.2% to USD 2,335 per tonne.

Market men said that firm trend in the base metals pack in overseas markets buoyed by strong Chinese macroeconomic and output data and firming demand at the domestic markets mainly supported upside in aluminium futures prices.

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