Aluminium futures up on spot demand

Aluminium prices on Thursday edged up by 0.12 per cent to Rs 163.80 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 20 paise, or 0.12 per cent, to Rs 163.80 per kg in a business turnover of 926 lots.

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