Copper futures advance on global cues, spot demand

Copper prices edged higher by 45 paise, or 0.14 per cent, to Rs 331.30 per kg in futures trade on firm global cues and some demand at domestic spot markets.
The exchange was closed in the morning session on account of 'Moharum'.
At the Multi Commodity Exchange, the copper for delivery in far-month February 2017 moved up by 45 paise, or 0.14 per cent to Rs 331.30 per kg in business turnover of 6 lots.
The metal for delivery in November edged up by 40 paise, or 0.12 per cent to Rs 325.35 per kg in 1,398 lots.
Market analysts said apart from a firm trend overseas, uptick in demand from consuming industries mainly kept copper prices higher at futures trade.

Meanwhile, copper for delivery in three months added 0.3 per cent on the London Metal Exchange.