Aluminium futures up on spot demand

Aluminium prices on Wednesday edged up by 0.25 per cent to Rs 162.70 per kg in futures trade as speculators built up fresh positions amid positive trend in spot market.
On the Multi Commodity Exchange, aluminium contracts for November delivery gained 40 paise, or 0.25 per cent, to Rs 162.70 per kg in a business turnover of 997 lots.

Analysts said fresh positions created by traders after some demand from consumer industries supported aluminium prices.