Copper futures rise 1% on spot demand pick-up
28/12/2017
28/12/2017 12:54
Copper futures were trading higher in the domestic market on Thursday as speculators widened positions amid firm global cues and pick- up in demand in the domestic spot market.
Analysts said besides a firm trend overseas, increased demand from consuming industries in the physical market also attributed to the rise in prices in futures trade.
At the MCX, copper futures for February 2018 contract was trading at Rs 471 per kg, up by 1.02 per cent, after opening at Rs 466.25, against a previous close of Rs 466.2. It touched the intra-day high of Rs 471.60 (at 13:00 hours).
28/12/2017
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Copper futures rise 1% on spot demand pick-up28/12/2017 12:54
Copper futures were trading higher in the domestic market on Thursday as speculators widened positions amid firm global cues and pick- up in demand in the domestic spot market.
Analysts said besides a firm trend overseas, increased demand from consuming industries in the physical market also attributed to the rise in prices in futures trade.
At the MCX, copper futures for February 2018 contract was trading at Rs 471 per kg, up by 1.02 per cent, after opening at Rs 466.25, against a previous close of Rs 466.2. It touched the intra-day high of Rs 471.60 (at 13:00 hours).
