Copper futures rise on overseas trend, spot demand
18/09/2017
Copper futures were trading higher during the noon trade in the domestic market on Monday amid a firming global trend and pick up in spot demand.Marketmen attributed the rise in copper futures to a firming trend in base metals in global market as housing data from China showed continued gains for prices.Rising demand from consuming industries at domestic spot markets supported the upside, they said.At the MCX, copper futures for November 2017 contract was trading at Rs 423.40 per kg, up by 0.79 per cent, after opening at Rs 421.90, against a previous close of Rs 420.10. It touched the intra-day high of Rs 424.40 (at 12:25 hours).
18/09/2017
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Copper futures were trading higher during the noon trade in the domestic market on Monday amid a firming global trend and pick up in spot demand.Marketmen attributed the rise in copper futures to a firming trend in base metals in global market as housing data from China showed continued gains for prices.Rising demand from consuming industries at domestic spot markets supported the upside, they said.At the MCX, copper futures for November 2017 contract was trading at Rs 423.40 per kg, up by 0.79 per cent, after opening at Rs 421.90, against a previous close of Rs 420.10. It touched the intra-day high of Rs 424.40 (at 12:25 hours).
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