Copper futures rise 1.50% amid rising demand
25/07/2017
Copper futures were trading higher during the noon trade in the domestic market on Tuesday as speculators built more bets amid a firming trend at the domestic spot market.Market analysts said a better trend in base metals at the domestic spot markets on pick-up in demand from consuming industries, influenced copper futures here as speculators expanded positions.At the MCX, copper futures for August 2017 contract is trading at Rs 396.45 per kg, up by 1.50 per cent, after opening at Rs 391.80, against a previous close of Rs 390.60. It touched the intra-day high of Rs 396.75 (at 12:45 hours).
25/07/2017
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Copper futures were trading higher during the noon trade in the domestic market on Tuesday as speculators built more bets amid a firming trend at the domestic spot market.Market analysts said a better trend in base metals at the domestic spot markets on pick-up in demand from consuming industries, influenced copper futures here as speculators expanded positions.At the MCX, copper futures for August 2017 contract is trading at Rs 396.45 per kg, up by 1.50 per cent, after opening at Rs 391.80, against a previous close of Rs 390.60. It touched the intra-day high of Rs 396.75 (at 12:45 hours).
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