Business Standard

Copper futures marginally up on global cues

Image

Press Trust of India New Delhi

In restricted activity, copper futures prices recovered by 0.34% to Rs 425 per kg today as speculators enlarged their positions amid a slightly better trend at the London Metal Exchange (LME).

Firm trends at the spot markets on the back of pick-up in industrial demand also influenced copper futures prices here.

At the Multi Commodity Exchange, copper for delivery in April rose by Rs 1.45, or 0.34%, to Rs 425 per kg, with a business turnover of 3,123 lots. It had lost 2.1% to Rs 423.55 per kg in the previous session.

June copper gained Rs 1.35, or 0.31%, to Rs 430.85 per kg, with a turnover of 247 lots.

 

Analysts attributed the recovery in copper futures to firming metal prices at the LME.

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

First Published: Mar 31 2011 | 2:12 PM IST

Explore News