An upbeat demand prospect lifts Copper
futures
02/01/2015 11:44
Copper prices rose by 0.38 per cent on Friday at the domestic markets after Markit said that HSBC Markit Manufacturing PMI rose to a seasonally adjusted annual rate of 54.50, from 53.30 in the preceding quarter signaling upbeat sentiment in the region which raised the demand outlook for the metal. At the MCX, copper futures for February 2015 contract were trading at Rs.400.45 per 1 kg, up by 0.38 per cent, after opening at Rs. 400 against the previous closing price of Rs. 398.95. It touched the intra-day high of Rs. 401.80 till the trading. (At 11.44 AM today).
02/01/2015 11:44
Copper prices rose by 0.38 per cent on Friday at the domestic markets after Markit said that HSBC Markit Manufacturing PMI rose to a seasonally adjusted annual rate of 54.50, from 53.30 in the preceding quarter signaling upbeat sentiment in the region which raised the demand outlook for the metal. At the MCX, copper futures for February 2015 contract were trading at Rs.400.45 per 1 kg, up by 0.38 per cent, after opening at Rs. 400 against the previous closing price of Rs. 398.95. It touched the intra-day high of Rs. 401.80 till the trading. (At 11.44 AM today).
