Copper futures trade higher with supply disruptions
Copper futures traded higher on MCX, with the robust demand outlook with the shift to green energy and on booming infrastructure developments. Besides, tight inventory levels amidst looming supply disruptions also added the upward trend.
The contract for December delivery was trading at Rs 1099.90 up by 0.60% or Rs 6.55 from its previous closing of Rs 1093.35. The open interest of the contract stood at 7935 lots.
The contract for January delivery was trading at Rs 1107.65 up by 0.65% or Rs 7.20 from its previous closing of Rs 1100.45. The open interest of the contract stood at 1703 lots on MCX.
