Global cues, spot demand lifts copper futures by 0.36%

Taking positive cues from global market and rising spot demand at the domestic markets, copper prices were higher by 0.36 per cent to Rs 454.65 per kg in futures trading today as speculators raised their bets.
At the Multi Commodity Exchange, copper for delivery in February next year spurted by Rs 1.65, or 0.36 per cent, to Rs 454.65 per kg, in a business turnover of 10 lots.
Similarly, the metal for delivery in November traded higher by Rs 1.25, or 0.28 per cent, to Rs 449.50 per kg in 1,083 lots.
Analysts attributed the rise in copper futures trade to a firm global trend with confidence in global economy supported prices.

Moreover, pick up in demand at the domestic markets from consuming industries too supported the upside, they said.
Globally, copper for delivery in three month climbed 0.3 per cent to trade at a three-year high of USD 6,940 per tonne at the London Metal Exchange in yesterday's trade.