Business Standard

Copper up 0.1% on global cues

Metal for delivery in June was up by 0.09%

Press Trust of India New Delhi
Copper futures rose marginally by 0.11% to Rs 411.30 per kg today, after speculators enlarged positions on positive cues from global markets.

At the Multi Commodity Exchange, copper for delivery in August rose by 45 paise, or 0.11%, to Rs 413.30 per kg, with a turnover of 135 lots.

Similarly, the metal for delivery in June was up by 35, or 0.09%, at Rs 411.30 per kg, with a trade volume of 4,031 lots.

Globally, copper for delivery in three months rose 0.2% to $6,878.50 per tonne at the London Metal Exchange (LME).

Market analysts said fresh positions created by participants, tracking a firming trend at the LME as stockpiles monitored by exchanges in London, Shanghai and New York dwindled, influenced copper prices in futures trade here.

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First Published: May 30 2014 | 12:32 PM IST

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