 "Copper futures rise on spot demand")
Copper was up 0.22 per cent to Rs 412.40 per kg in futures trade today as speculators enlarged positions, driven by rising demand from consuming industries at domestic spot market.
However, metal's weakness at the London Metal Exchange (LME) limited the gains.
Copper for delivery in June contracts traded higher by 90 paise, or 0.22 per cent, to Rs 412.40 per kg in business turnover of 141 lots in futures trade at the Multi Commodity Exchange.
Analysts said increased demand from consuming industries helped copper futures to trade higher, but metal's losses at LME restricted gains.
Globally, copper for delivery in three months lost 0.2 per cent to USD 6,391.50 a tonne on LME while at Shanghai Futures Exchange while the metal for July delivery slipped 0.6 per cent to 45,810 yuan a tonne.
However, metal's weakness at the London Metal Exchange (LME) limited the gains.
Copper for delivery in June contracts traded higher by 90 paise, or 0.22 per cent, to Rs 412.40 per kg in business turnover of 141 lots in futures trade at the Multi Commodity Exchange.
Also Read
Also, metal for delivery in far-month August contracts edged up 50 paise, or 0.12 per cent, to Rs 416.80 per kg in business volume of just one lot.
Analysts said increased demand from consuming industries helped copper futures to trade higher, but metal's losses at LME restricted gains.
Globally, copper for delivery in three months lost 0.2 per cent to USD 6,391.50 a tonne on LME while at Shanghai Futures Exchange while the metal for July delivery slipped 0.6 per cent to 45,810 yuan a tonne.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%