Copper gains on improving demand
03/02/2015 12:12
Copper prices rose by 1.50 per cent on Tuesday at the domestic markets after Spanish manufacturing sector activity rose more-than-expected last month signaling improving manufacturing activity in the region which raised the demand outlook for the metal. In a report, Markit Finacial Information Services said that Spain’s Manufacturing PMI rose to 54.7, from 53.8 in the preceding month. At the MCX, copper futures for February 2015 contract were trading at Rs.346 per 1 kg, up by 1.50 per cent, after opening at Rs. 343 against the previous closing price of Rs. 340.90. It touched the intra-day high of Rs. 346.75 till the trading. (At 11.52 AM today).
03/02/2015 12:12
Copper prices rose by 1.50 per cent on Tuesday at the domestic markets after Spanish manufacturing sector activity rose more-than-expected last month signaling improving manufacturing activity in the region which raised the demand outlook for the metal. In a report, Markit Finacial Information Services said that Spain’s Manufacturing PMI rose to 54.7, from 53.8 in the preceding month. At the MCX, copper futures for February 2015 contract were trading at Rs.346 per 1 kg, up by 1.50 per cent, after opening at Rs. 343 against the previous closing price of Rs. 340.90. It touched the intra-day high of Rs. 346.75 till the trading. (At 11.52 AM today).
