Copper futures rise on Asian cues, spot demand

Buoyed by a firm Asian trend and increased domestic demand, copper prices rose by 0.20 per cent to Rs 445.45 per kg in futures trade today.
At the Multi Commodity Exchange, copper for delivery in February traded higher by 90 paise, or 0.20 per cent, to Rs 445.45 per kg in business turnover of 931 lots.
Similarly, the metal for delivery in April edged up by 50 paise, or 0.11 per cent, to Rs 445.55 per kg in a turnover of 265 lots.
Market analysts said apart from increased demand from consuming industries at domestic spot markets, a firming trend in Asian trade influenced copper prices in futures trade.

Meanwhile, copper for delivery in May on the Shanghai Futures Exchange rose 0.2 per cent to 49,630 yuan (USD 8,101) per tonne.