Published on 29/01/2018 1:53:40 PM | Source: Dion Global Solutions Ltd

Copper futures rise on global cues, spot demand

Posted in Top Stories| #Copper #Commodity Tips #MCX

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Copper futures were trading higher in the domestic market on Monday as speculators widened positions amid positive global cues. Analysts said apart from a firming trend in copper and other base metals at the London Metal Exchange (LME) on softer dollar and steadily declining inventories in LME-approved warehouses, rising physical demand at the domestic spot market supported the upside. At the MCX, copper futures for February 2018 contract was trading at Rs 453.90 per kg, up by 0.045 per cent, after opening at Rs 456.50, against a previous close of Rs 451.85. It touched the intra-day high of Rs 456.50 (at 12:40 hours).