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Aluminium prices today rose by 0.18% to Rs 111 per kg in futures trade as speculators covered their short positions amid a firming trend overseas after stock position fell to a 6-year low.
Besides, increased demand at domestic spot markets also influenced prices.
At the Multi Commodity Exchange, aluminium for delivery in June rose 20 paise, or 0.18%, to Rs 111 per kg in a business turnover of six lots.
The metal for delivery in May rose 10 paise, or 0.09%, to Rs 109.15 per kg in 67 lots.
Meanwhile, aluminium for delivery in three months was up 0.5% at $1,747 per tonne at the London Metal Exchange (LME).
Market analysts said the rise in aluminium prices in futures trade was mostly attributed to a firming trend in metal at LME after inventories fell to a 6-year low and rising demand at spot markets besides covering of short positions by speculators.
