Copper futures up 1.13% on positive global cues

Image
Press Trust of India New Delhi
Last Updated : Feb 13 2017 | 10:57 AM IST
Copper futures rose 1.13 per cent today to Rs 412.75 per kg as participants enlarged positions, taking positive cues from overseas markets and a pickup in spot demand.
At the Multi Commodity Exchange, copper for delivery in current month was trading higher by Rs 4.60, or 1.13 per cent, to Rs 412.75 per kg, with a turnover of 1,541 lots.
Similarly, the metal for delivery in far-month April contract was up by Rs 4.50, or 1.09 per cent, at Rs 416.75 per kg, with a trade volume of 57 lots.
Market analysts attributed the rise in copper futures trade to a firming trend in metal at the London Metal Exchange (LME), extending Friday's jump that was the largest since 2013.
Globally, copper for delivery in three-month rose 1.1 per cent at the LME.
Besides, pickup in spot demand also supported the upside, they said.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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

More From This Section

First Published: Feb 13 2017 | 10:57 AM IST

Next Story