Copper up 0.1% on positive global cues

Metal for delivery in June was up by 0.13%

Taking positive cues from the overseas markets and pick-up in spot demand, copper futures rose 0.19% to Rs 404.50 per kg.

At the Multi Commodity Exchange, copper for delivery in April rose by 75 paise, or 0.19%, to Rs 404.50 per kg, with a turnover of 842 lots.

The metal for delivery in June was up by 55 paise, or 0.13%, at Rs 408.50 per kg, with a trade volume of 14 lots.

Globally, copper for three-month delivery shot up by one% to USD 6,728.75 a tonne on the London Metal Exchange (LME), the highest intra-day level since March 10, while in Shanghai, futures for delivery in June advanced 0.2% to 46,850 yuan (USD 7,559) a tonne.
 
Market analysts attributed the rise in copper in futures trade to a better trend on the LME on concern that an earthquake in Chile, the world's biggest producer, may disrupt supplies.

Besides, pick-up on spot demand also supported the upside, they added.