Copper futures rise 0.61% on spot demand
13/11/2017 12:55
Copper futures rise 0.61% on spot demand
13/11/2017 12:55
Copper futures were trading higher in the domestic market on Monday as speculators raised bets amid pick-up in demand in the spot market.
Analysts said widening of positions by participants due to uptick in demand from consuming industries in the physical market mainly attributed the rise in copper prices in futures trade.
At the MCX, copper futures for November 2017 contract was trading at Rs 447.10 per kg, up by 0.61 per cent, after opening at Rs 445.00, against a previous close of Rs 444.40. It touched the intra-day high of Rs 447.25 (at 13:01 hours).
13/11/2017 12:55
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Copper futures rise 0.61% on spot demand
13/11/2017 12:55
Copper futures were trading higher in the domestic market on Monday as speculators raised bets amid pick-up in demand in the spot market.
Analysts said widening of positions by participants due to uptick in demand from consuming industries in the physical market mainly attributed the rise in copper prices in futures trade.
At the MCX, copper futures for November 2017 contract was trading at Rs 447.10 per kg, up by 0.61 per cent, after opening at Rs 445.00, against a previous close of Rs 444.40. It touched the intra-day high of Rs 447.25 (at 13:01 hours).
