Copper futures marginally up on global cues

In restricted activity, copper futures prices recovered by 0.34% to Rs 425 per kg today as speculators enlarged their positions amid a slightly better trend at the London Metal Exchange (LME).

Firm trends at the spot markets on the back of pick-up in industrial demand also influenced copper futures prices here.

At the Multi Commodity Exchange, copper for delivery in April rose by Rs 1.45, or 0.34%, to Rs 425 per kg, with a business turnover of 3,123 lots. It had lost 2.1% to Rs 423.55 per kg in the previous session.

June copper gained Rs 1.35, or 0.31%, to Rs 430.85 per kg, with a turnover of 247 lots.

 

Analysts attributed the recovery in copper futures to firming metal prices at the LME.