Business Standard

Copper futures marginally up

Image

Press Trust of India New Delhi

Copper futures traded 0.14% higher today largely in tandem with a firming trend in the metal at Shanghai, amid a pick up in domestic demand.   

At the Multi Commodity Exchange, copper for August delivery edged up by 60 paise, or 0.14%, to Rs 436.55 per kg, with a business turnover of 2,688 lots. 

Similarly, the metal for November delivery  traded 55 paise higher at Rs 442.50 per kg, with an open interest of 264 lots.

Market analysts attributed the rise in copper futures prices to a firming trend at Shanghai and pick up in domestic demand at spot markets. 

Meanwhile, copper for September delivery gained 1.8% to 72,290 yuan ($10,976) a tonne.

 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jul 08 2011 | 12:36 PM IST

Explore News