Copper futures surge on spot demand
06/12/2017
Copper futures surge on spot demand
06/12/2017 11:27
Copper futures were trading higher in the domestic market on Wednesday as participants created fresh positions even as the metal weakened at the London Metal Exchange.
Analysts said the rise in copper prices at futures trade was mostly supported by a firm trend at spot markets on increased demand from consuming industries.
At the MCX, copper futures for February 2018 contract was trading at Rs 426.55 per kg, up by 0.67 per cent, after opening at Rs 424.65, against a previous close of Rs 423.70. It touched the intra-day high of Rs 427.65 (at 11:20 hours).
06/12/2017
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Copper futures surge on spot demand
06/12/2017 11:27
Copper futures were trading higher in the domestic market on Wednesday as participants created fresh positions even as the metal weakened at the London Metal Exchange.
Analysts said the rise in copper prices at futures trade was mostly supported by a firm trend at spot markets on increased demand from consuming industries.
At the MCX, copper futures for February 2018 contract was trading at Rs 426.55 per kg, up by 0.67 per cent, after opening at Rs 424.65, against a previous close of Rs 423.70. It touched the intra-day high of Rs 427.65 (at 11:20 hours).
