Alumininum futures edges up on global cues

NEW DELHI: Aluminium futures prices moved up by 0.22 per cent to Rs 112.50 per kg today, on a firming trend in other base metals overseas amid better-than-forecast US industrial output.

At the Multi Commodity Exchange counter, aluminium for delivery in January gained 25 paise, or 0.22 per cent, to Rs 112.50 per kg, with a business turnover of two lots.

The metal for delivery in February also strengthened by 25 paise, or 0.21 per cent, to Rs 113.60 per kg, with a trading volume of seven lots.

Meanwhile, at the London Metal Exchange aluminium rose 0.5 per cent to USD 2,485 per tonne.

Market analysts said firming trend in the entire base metals pack at the London Metal Exchange after better-than- expected US industrial output, which boosted demand prospects and influenced aluminium futures prices here.