Easing China disinflation risks lift Copper
10/04/2015 12:08
Copper futures rose in the domestic market on Friday as China’s consumer prices climbed more than expected in March while factory deflation eased, signaling a pickup in demand and stemming risks of deflation in the world’s biggest metals consumer, lifting the demand outlook for copper.
China’s consumer prices rose 1.4 per cent, year on year in March 2015, topping estimates of a 1.3 per cent annual gain, while producer prices fell 4.6 per cent from March 2014, decelerating from an annual 4.8 per cent drop in February 2015.
At the MCX, copper futures for April 2015 contract were trading at Rs.378.4 per 1 kg, up by 0.56 per cent, after opening at Rs. 377.9 against the previous closing price of Rs. 376.3. It touched the intra-day high of Rs. 379.45 till the trading. (At 11:45 AM today).
10/04/2015 12:08
Copper futures rose in the domestic market on Friday as China’s consumer prices climbed more than expected in March while factory deflation eased, signaling a pickup in demand and stemming risks of deflation in the world’s biggest metals consumer, lifting the demand outlook for copper.
China’s consumer prices rose 1.4 per cent, year on year in March 2015, topping estimates of a 1.3 per cent annual gain, while producer prices fell 4.6 per cent from March 2014, decelerating from an annual 4.8 per cent drop in February 2015.
At the MCX, copper futures for April 2015 contract were trading at Rs.378.4 per 1 kg, up by 0.56 per cent, after opening at Rs. 377.9 against the previous closing price of Rs. 376.3. It touched the intra-day high of Rs. 379.45 till the trading. (At 11:45 AM today).
