Wednesday, 6 September 2017

Copper futures up on spot demand, global cues : 06 Sept



Copper futures were trading higher during the evening trade in the domestic market on Wednesday on pick up in demand coupled with a firming global trend.

Marketmen attributed the rise in copper futures to a firming trend overseas where it surged to highest levels since October 2014 with confidence in global economy supporting prices. Besides, rising demand from consuming industries at domestic spot markets, kept copper prices higher.

At the MCX, copper futures for November 2017 contract was trading at Rs 446.25 per kg, up by 0.28 per cent, after opening at Rs 446.25, against a previous close of Rs 445.00. It touched the intra-day high of Rs 448.15 

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