Copper gains on bullish Japan data
24/04/2015 12:23
Copper prices rose by 0.03 per cent on Friday at the domestic markets after Japan’s all industries activity index rose unexpectedly last month signaling improving sentiment in the region which raised the demand outlook for the metal.
In a report, Japanese Ministry of Economy, Trade and Industry said that Japan’s All Industries Activity Index rose to a seasonally adjusted 0.1 per cent, from 0.5 per cent in the preceding month whose figure was revised down from 1.9 per cent.
At the MCX, copper futures for April 2015 contract were trading at Rs.377.05 per 1 kg, up by 0.03 per cent, after opening at Rs. 376.30 against the previous closing price of Rs. 376.95. It touched the intra-day high of Rs. 377.95 till the trading. (At 11.59 AM today).
24/04/2015 12:23
Copper prices rose by 0.03 per cent on Friday at the domestic markets after Japan’s all industries activity index rose unexpectedly last month signaling improving sentiment in the region which raised the demand outlook for the metal.
In a report, Japanese Ministry of Economy, Trade and Industry said that Japan’s All Industries Activity Index rose to a seasonally adjusted 0.1 per cent, from 0.5 per cent in the preceding month whose figure was revised down from 1.9 per cent.
At the MCX, copper futures for April 2015 contract were trading at Rs.377.05 per 1 kg, up by 0.03 per cent, after opening at Rs. 376.30 against the previous closing price of Rs. 376.95. It touched the intra-day high of Rs. 377.95 till the trading. (At 11.59 AM today).
