Copper prices rise by 0.6% on global cues
Firming trend in base metals influenced prices
 "Copper prices rise by 0.6% on global cues")
Copper futures rose by Rs 2.25 to Rs 387.35 per kg in futures trade today on positive cues from overseas markets and a pickup in spot demand.
At the Multi Commodity Exchange, copper for delivery in April rose by Rs 2.25 or 0.58% to Rs 387.35 per kg with a turnover of 248 lots.
Similarly, the metal for delivery in June was up by Rs 2.10 or 0.54% at Rs 392.60 per kg with a trade volume of 37 lots.
Market analysts attributed the rise in copper futures to a firming trend in base metals pack and firm demand from alloy-makers and other consuming industries at domestic markets.
At the Multi Commodity Exchange, copper for delivery in April rose by Rs 2.25 or 0.58% to Rs 387.35 per kg with a turnover of 248 lots.
Similarly, the metal for delivery in June was up by Rs 2.10 or 0.54% at Rs 392.60 per kg with a trade volume of 37 lots.
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Globally, copper for three-month delivery climbed 0.6% to $6,065.50 per tonne on the London Metal Exchange, while the metal in Shanghai for June increased 1.3% to 43,850 yuan per tonne.
Market analysts attributed the rise in copper futures to a firming trend in base metals pack and firm demand from alloy-makers and other consuming industries at domestic markets.