Upbeat German data lifts Copper futures
06/01/2015 15:53
Copper prices rose by 0.08 per cent on Tuesday at the domestic markets after Markit Economics said that German Services PMI rose to 52.1, from 51.4 in the preceding month signaling improving 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.391.90 per 1 kg, up by 0.08 per cent, after opening at Rs. 393.05 against the previous closing price of Rs. 391.60. It touched the intra-day high of Rs. 393.70 till the trading. (At 3.57 PM today).
However, gains were limited due to the surge in the copper stockpiles at the London Metal Exchange (LME) on account of the weak demand for the commodity. LME copper stocks rose by 350 metric tonnes to 178775 metric tonnes as on Jan 06, 2015
06/01/2015 15:53
Copper prices rose by 0.08 per cent on Tuesday at the domestic markets after Markit Economics said that German Services PMI rose to 52.1, from 51.4 in the preceding month signaling improving 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.391.90 per 1 kg, up by 0.08 per cent, after opening at Rs. 393.05 against the previous closing price of Rs. 391.60. It touched the intra-day high of Rs. 393.70 till the trading. (At 3.57 PM today).
However, gains were limited due to the surge in the copper stockpiles at the London Metal Exchange (LME) on account of the weak demand for the commodity. LME copper stocks rose by 350 metric tonnes to 178775 metric tonnes as on Jan 06, 2015
