Copper futures rose by another 0.11 per cent to Rs 358.20 per kg today in tandem with the firming trend overseas on expectations of a pick-up in demand amid stronger-than-expected Chinese industrial output data.
Market analysts said the continued rise in copper futures was mainly due to the firming trend in base metals, driven by Chinese economic data.
At the Multi Commodity Exchange counter, contracts for far-month February delivery shot up by 40 paise, or 0.11 per cent, to Rs 358.20 per kg in a turnover of 2,288 lots.
The metal for delivery in November also rose by 20 paise, or 0.6 per cent, to Rs 355.95 per kg, with a turnover of 33,246 lots.
Meanwhile, the London Metal Exchange Index of six metals, including copper and aluminium, jumped 1.8 per cent yesterday on optimism that recovery of the global economy will boost demand for commodities.
