Spot demand lifts copper futures by 0.03%

Copper prices inched up by 0.03 per cent to Rs 454.15 per kg in futures trading today as speculators enlarged bets, tracking a firm trend at the spot market on rising demand.
At the Multi Commodity Exchange, copper for delivery in February edged up by 15 paise, or 0.03 per cent, to Rs 454.15 per kg in a business turnover of 1,679 lots.
Similarly, the metal for delivery in April contracts was trading higher by 10 paise, or 0.02 per cent, to Rs 457.55 per kg in 3 lots.
Analysts said rising demand from consuming industries in physical markets mainly explained the rise in copper prices.