Monday 3 July 2017

COPPER TRENDS

Copper futures rose 0.26 per cent to Rs 36.40 per kg today as participants widened their bets, taking positive cues from the spot market on pick-up in demand. At Multi Commodity Exchange, copper for delivery in the current month contract was trading higher by 95 paisa or 0.26 per cent, to Rs 36.40 per kg with a turnover of 309 lots. The metal for delivery in far-month August contract was up by 70 paisa or 0.19 per cent, to Rs 370.30 per kg with a trade volume of 25 lots. Market analysts attributed the rise in copper futures trade to widening of positions triggered by a firm trend at the physical market. 

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