 "Copper up 0.3% on strong global cues")
Taking positive cues from the overseas markets and a pick-up in spot demand, copper futures prices today rose by 0.33% to Rs 453 per kg.
At the Multi Commodity Exchange, copper for delivery in April rose by Rs 1.50, or 0.33%, to Rs 453 per kg, with a turnover of 127 lots.
Similarly, the metal for delivery in February was up by Rs 1.40, or 0.31%, at Rs 446.90 per kg, with a trade volume of 3,532 lots.
Market analysts attributed the rise in copper in futures trade to a firming trend on the LME as stockpiles decreased and manufacturing expanded in China and the US, the world's biggest users.
At the Multi Commodity Exchange, copper for delivery in April rose by Rs 1.50, or 0.33%, to Rs 453 per kg, with a turnover of 127 lots.
Similarly, the metal for delivery in February was up by Rs 1.40, or 0.31%, at Rs 446.90 per kg, with a trade volume of 3,532 lots.
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Globally, copper for three-month delivery up by 0.4% to $6,987.50 a tonne on the London Metal Exchange (LME), while at Shanghai Futures Exchange rose 0.20% to 50,290 yuan (USD 8,256) per tonne.
Market analysts attributed the rise in copper in futures trade to a firming trend on the LME as stockpiles decreased and manufacturing expanded in China and the US, the world's biggest users.