Copper futures up 0.84% on positive global cues

Tracking a firm trend in base metals at the London Metal Exchange (LME) and a pickup in spot demand, copper futures rose 0.84 per cent today to Rs 360.85 per kg.
At the Multi Commodity Exchange, copper for delivery in November was trading higher by Rs 3, or 0.84 per cent, to Rs 360.85 per kg, with a turnover of 224 lots.
Also, the metal for delivery in August contract was up by Rs 2.90, or 0.83 per cent, at Rs 354.30 per kg, with a trade volume of 16,879 lots.
Globally, copper for three-month delivery rose 0.6 per cent to USD 5,555.50 a tonne at the London Metal Exchange (LME), while the metal for September in Shanghai gained 6.3 per cent to 40,480 yuan (USD 6,520) per tonne.

Analysts attributed the rise in copper in futures trade to a firming trend on the LME and pickup in spot demand.
Globally, copper for three-month delivery rose 1.2 per cent to USD 5,545 per tonne, while in Shanghai, the metal gained 0.7 per cent.