2026-01-12 12:53:06 pm | Source: Accord Fintech
Copper futures trade bullish on supply concerns
Copper futures traded bullish on MCX, on account of enlargement of bets counting on firm spot demand as against looming supply disruptions. Tight inventory positions, potential US tariffs on refined metals, and expectations for further policy easing also buoyed the red metal investments.
The contract for January delivery was trading at Rs 1304.15 up by 1.78% or Rs 22.85 from its previous closing of Rs 1281.30. The open interest of the contract stood at 14533 lots.
The contract for February delivery was trading at Rs 1321.50 up by 1.76% or Rs 22.85 from its previous closing of Rs 1298.65. The open interest of the contract stood at 5934 lots on MCX.
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