Copper gains on China stimulus hopes
17/04/2015 12:30
Copper prices rose by 0.12 per cent on Friday at the domestic markets in the midst of speculation policymakers in China will have to introduce further stimulus measures to jump-start the economy amid lackluster growth.
China’s economy grew 7.0 per cent in the first quarter, the slowest pace of growth since the global financial crisis in 2008 while industrial production rose by an annualized rate of 5.6 per cent in March, below expectations for a 6.9 per cent increase.
At the MCX, copper futures for April 2015 contract were trading at Rs.383.45 per 1 kg, up by 0.12 per cent, after opening at Rs. 382.50 against the previous closing price of Rs. 383. It touched the intra-day high of Rs. 384.40 till the trading. (At 11.59 AM today).
17/04/2015 12:30
Copper prices rose by 0.12 per cent on Friday at the domestic markets in the midst of speculation policymakers in China will have to introduce further stimulus measures to jump-start the economy amid lackluster growth.
China’s economy grew 7.0 per cent in the first quarter, the slowest pace of growth since the global financial crisis in 2008 while industrial production rose by an annualized rate of 5.6 per cent in March, below expectations for a 6.9 per cent increase.
At the MCX, copper futures for April 2015 contract were trading at Rs.383.45 per 1 kg, up by 0.12 per cent, after opening at Rs. 382.50 against the previous closing price of Rs. 383. It touched the intra-day high of Rs. 384.40 till the trading. (At 11.59 AM today).
