Aluminium futures up on better global trend

NEW DELHI: Aluminium futures prices traded 0.17 per cent higher in futures trading on Monday on the back of continued buying by traders, tracking firming trend in global markets. Aluminium for delivery in November contract strengthened by 0.17 per cent to Rs 89.00 per kg with business turnover in 50 lots at the MCX counter. It ended 0.45 per cent higher in the previous trading. The metal for delivery in December contract also traded a shade higher by 0.06 per cent to Rs 89.90 per kg in just one lot. Analysts said increased buying by traders, taking firm cues from global markets and good demand in the spot markets mainly pushed up prices at futures market here. The metal traded 0.52 per cent higher at 1,920 dollar a tonne at the London Metal Exchange. — PTI