Copper futures remain up on positive spot market cues

Copper prices strengthened by 0.36 per cent to Rs 446.70 per kg in futures trade today as speculators raised bets, taking positive cues from spot market on rising demand.

At the Multi Commodity Exchange, copper for delivery in April month went up by Rs 1.60, or 0.36 per cent, to Rs 446.70 per kg in business turnover of 46 lots.

Likewise, the metal for delivery in February contracts edged up by Rs 1.30, or 0.30 per cent, to Rs 441.55 per kg in 3,350 lots.

Analysts said widening of positions by traders on the back of surging demand from consuming industries at domestic spot market kept copper prices higher at futures trade.