Thursday, 23 March 2017

Copper futures surge on supply concerns : 23 March 2017



Copper futures were trading higher during afternoon trade in the domestic market on Thursday as investors and speculators sentiment revived in the industrial metal tracking positive cues globally.

The prices of copper were lifted on increase in demand amid supply concerns that have been worsened by floods in Peru, just ahead of the start of the second quarter, seasonally strongest for demand.

At the MCX, copper futures for April 2017 contract is trading at Rs 383.05 per kg, up by 0.30 per cent, after opening at Rs 382.20, against a previous close of Rs 381.90. It touched the intra-day high of Rs 383.40

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