Copper rises by 0.1% on spot market demand
Participants enlarged positions on rising demand in the domestic spot markets and a firm trend overseas
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Copper futures rose 0.10% to Rs 351.65 per kg today as participants enlarged positions on rising demand in the domestic spot markets and a firm trend overseas.
At the Multi Commodity Exchange, copper for delivery in February rose by 35 paise, or 0.10%, to Rs 351.65 per kg with a turnover of 906 lots.
Similarly, the metal for delivery in April was up by 30 paise, or 0.08%, at Rs 356.60 per kg, with a trade volume of 58 lots.
Globally, copper for delivery in three months rose 0.1% to $5,604 per tonne on the London Metal Exchange (LME).
Market analysts said fresh positions created by participants supported by rising demand in the spot markets and a firming trend at the LME, influenced copper prices at futures trade.
At the Multi Commodity Exchange, copper for delivery in February rose by 35 paise, or 0.10%, to Rs 351.65 per kg with a turnover of 906 lots.
Similarly, the metal for delivery in April was up by 30 paise, or 0.08%, at Rs 356.60 per kg, with a trade volume of 58 lots.
Globally, copper for delivery in three months rose 0.1% to $5,604 per tonne on the London Metal Exchange (LME).
Market analysts said fresh positions created by participants supported by rising demand in the spot markets and a firming trend at the LME, influenced copper prices at futures trade.
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First Published: Feb 12 2015 | 11:20 AM IST