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Copper prices rose by 0.11% to Rs 458 per kg in futures trade today as speculators built up fresh positions, tracking a firm trend in overseas market as China's manufacturing expanded more than estimated.
At the Multi Commodity Exchange, copper for delivery in far-month February moved up by 50 paise, or 0.11% to Rs 458 per kg in business turnover of 10,977 lots.
In a similar fashion, the metal for delivery in November edged up by 35 paise, or 0.08% to Rs 447.60 per kg in 342 lots.
Market analysts said speculators creating fresh positions on firming global trend as China's manufacturing expanded more than estimated, helping revive the demand outlook for the industrial metal in the world's biggest user.
Meanwhile, copper for delivery in three months rose 0.6% to 7,211.75 dollar a metric tonne on the London Metal Exchange.
