Aluminium remains firm in futures trade

New Delhi, Sep 25 Aluminium futures traded a shade higher on the Multi Commodity Exchange today mostly on the back of covering-up of pending positions at prevailing levels even as the metal ended lower overseas. Firm demand from consuming industries in markets also supported the rise in aluminium prices at the futures market. Aluminium for delivery in September contract traded 0.34 per cent higher at Rs 87.30 per kg clocking a turnover of 97 lots. The metal for delivery in October contract also rose by a similar margin to Rs 88.35 per kg in a turnover of 17 lots. At the LME, aluminium ended 0.27 per cent down at USD 1,835 per tonne in yesterday&aposs trading. Analysts said, besides short-covering, a firm demand for aluminium also attributed to the rise in metal prices in futures trading here.