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Tuesday 11 July 2017

Copper futures rise on pickup in spot demand : 11 july

Copper futures were trading higher during the afternoon trade in the domestic market on Tuesday amid pick-up in demand at domestic spot market.

Analysts said pick-up in demand from consuming industries in the spot market mainly supported the upside in copper futures here but weak trend in overseas markets capped the gains.

At the MCX, copper futures for August 2017 contract is trading at Rs 380.40 per kg, up by 0.30 per cent, after opening at Rs 378.80, against a previous close of Rs 379.25.


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