 "Copper up 0.1% on positive global cues")
Tracking a firm global trend, copper prices advanced 0.12% to Rs 401.75 per kg in futures trade today as speculators enlarged positions.
Besides, increased demand from consuming industries in the spot market supported the uptrend.
At the Multi Commodity Exchange, copper for delivery in April edged up by 50 paise, or 0.12% to Rs 401.75 per kg in business turnover of 1,658 lots.
Market analysts attributed the rise in copper in futures trade to a firming global trend on concern that supplies from mines will trail forecasts amid speculation that demand may increase in China, the biggest user of industrial metals.
Meanwhile, copper for delivery in three months added 0.7% to 6,604.50 dollar a metric tonne on the London Metal Exchange.
Besides, increased demand from consuming industries in the spot market supported the uptrend.
At the Multi Commodity Exchange, copper for delivery in April edged up by 50 paise, or 0.12% to Rs 401.75 per kg in business turnover of 1,658 lots.
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Similarly, the metal for delivery June traded higher by 45 paise, or 0.11% to Rs 405.95 per kg in 62 lots.
Market analysts attributed the rise in copper in futures trade to a firming global trend on concern that supplies from mines will trail forecasts amid speculation that demand may increase in China, the biggest user of industrial metals.
Meanwhile, copper for delivery in three months added 0.7% to 6,604.50 dollar a metric tonne on the London Metal Exchange.
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