Copper futures up 0.66% on global cues

Taking firm cues from the London Metal Exchange and rise in China's imports, copper futures gained 0.66 per cent to Rs 412.05 per kg.

At the Multi Commodity Exchange counter, copper delivery for February contract went up by Rs 2.70, or 0.66 per cent to trade at Rs 412.05 per kg in a turnover of 18 lots.

Similarly, the metal for delivery in April traded higher by Rs 2.65, or 0.64 per cent, to Rs 414.30 per kg, with a business volume of 47 lots.

Analysts attributed the rise in copper futures to reports that the metal at the London Metal Exchange (LME) was trading 0.90 per cent higher at $9,000 per tonne on stockpiles declining and hopes of pick up in demand, mainly influenced copper futures prices here.

Further, reports that China is world largest consumer of the metal, imports of semi-finished copper products rose 28.5 per cent in November from the previous month, reflecting strong global demand also supported the upside, they said.