You are here: Home » Markets » Commodities » Industrial Metals
Business Standard

Copper futures up as global stockpiles decline

Press Trust of India  |  New Delhi 

Supported by firming trend at the (LME) as stockpiles diminished, prices traded 0.52 per cent higher at Rs 432.95 per kg today.

Good demand at the influenced metal prices at futures trade here.

At the Multi Commodity Exchange counter, copper delivery for February edged up by Rs 2.25, or 0.52 per cent, to Rs 432.95 per kg, with a of 3,695 lots.

Similarly, the metal for delivery in April traded higher by Rs 2.20, or 0.51 per cent, to Rs 435.95 per kg, with a of 178 lots.

Market analysts said firming trend at the LME where copper's stockpiles declined for the first time since early December to 378,300 tonnes, helped metal prices to trade higher at futures trade here.

Meanwhile, three-month copper at the LME gained 0.57 per cent, to $9,388 a tonne.