 "Copper up by 0.6% on global cues")
Copper futures rose by 0.64% to Rs 354.45 per kg today after participants built-up positions, tracking a firming trend in base metals at the London Metal Exchange (LME).
At the Multi Commodity Exchange, copper for delivery in February rose by Rs 2.25, or 0.64%, to Rs 354.45 per kg, with a turnover of 889 lots.
On similar lines, the metal for delivery in far-month April was up by Rs 2.15, or 0.60%, at Rs 358.10 per kg, with a trade volume of 22 lots.
Market analysts said fresh positions created by participants supported by a firming trend at the LME after a surge in credit growth eased concern that demand will slow in China, the world's top user and rising demand in the domestic spot markets, influenced copper prices at futures trade.
At the Multi Commodity Exchange, copper for delivery in February rose by Rs 2.25, or 0.64%, to Rs 354.45 per kg, with a turnover of 889 lots.
On similar lines, the metal for delivery in far-month April was up by Rs 2.15, or 0.60%, at Rs 358.10 per kg, with a trade volume of 22 lots.
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Globally, copper for delivery in three months rose 1.6% to $5,634 per tonne on the LME.
Market analysts said fresh positions created by participants supported by a firming trend at the LME after a surge in credit growth eased concern that demand will slow in China, the world's top user and rising demand in the domestic spot markets, influenced copper prices at futures trade.
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