Aluminium futures edged up by 35 paise to Rs 262.10 per kilogram on Wednesday, driven by fresh bets from speculators and a positive trend in the spot market.

On the Multi Commodity Exchange, aluminium contracts for April delivery rose 35 paise or 0.13% to Rs 262.10 per kg, with a turnover of 1,264 lots.

Analysts attributed the price increase to the creation of fresh positions by traders, supported by demand from consuming industries.