Spot demand lifts copper futures 0.21%

Copper prices moved up by 0.21 per cent to Rs 358.50 per kg in futures trade today amid a firming trend at domestic spot markets on rising demand.
However, weakness in metal overseas as investors await a meeting later today between Greece and its creditors and China's stock market resuming its slide, capped the gains.
At the Multi Commodity Exchange, copper for delivery in August was up by 75 paise or 0.21 per cent to Rs 358.05 per kg in a business volume of 726 lots.
The metal for delivery in November gained 60 paise, or 0.16 per cent, to Rs 364.70 per kg in business turnover of four lots.

Marketmen attributed the rise in copper futures to a firming trend at the domestic physical markets on the back of pick up in demand from consuming industries, but metal's losses at the London Metal Exchange (LME), restricted gains.
Meanwhile, copper for delivery in three months slid 0.1 per cent to USD 5,585 a tonne at the LME, while at Shanghai Futures Exchange, it lost 0.3 per cent to 40,630 yuan (USD 6,544) per tonne for September delivery.