Copper gains on strong China industrial data
20/01/2015 12:44
Copper prices rose by 0.50 per cent on Tuesday at the domestic markets after Industrial production in China rose more-than-expected last month signaling improving industrial activity in China, world’s largest consumer of metal which raised the demand outlook for the metal. National Bureau of Statistics of China said that Chinese Industrial Production rose to 7.9 per cent, from 7.2 per cent in the preceding month.
At the MCX, copper futures for February 2015 contract were trading at Rs.354.55 per 1 kg, up by 0.50 per cent, after opening at Rs. 354.50 against the previous closing price of Rs. 352.80. It touched the intra-day high of Rs. 356.45 till the trading. (At 11.55 AM today).
20/01/2015 12:44
Copper prices rose by 0.50 per cent on Tuesday at the domestic markets after Industrial production in China rose more-than-expected last month signaling improving industrial activity in China, world’s largest consumer of metal which raised the demand outlook for the metal. National Bureau of Statistics of China said that Chinese Industrial Production rose to 7.9 per cent, from 7.2 per cent in the preceding month.
At the MCX, copper futures for February 2015 contract were trading at Rs.354.55 per 1 kg, up by 0.50 per cent, after opening at Rs. 354.50 against the previous closing price of Rs. 352.80. It touched the intra-day high of Rs. 356.45 till the trading. (At 11.55 AM today).
