Comments
Copper regained strength to trade 0.50 per cent higher in futures trade on Tuesday in tandem with gains at the London Metal Exchange (LME) on expectations of global supply deficit.
Pick up in demand at the domestic spot markets also supported the recovery in copper futures here.
At the Multi Commodity Exchange, copper delivery for February edged up by Rs 2.50 or 0.50 per cent to Rs 445.20 a kg, with a business turnover of 23 lots.
It had lost 0.80 per cent to Rs 443 a kg in the previous session.
Similarly, the metal for delivery in April traded higher by Rs 1.90 or 0.43 per cent to Rs 447.60 a kg, with a business turnover of eight lots.
Market analysts attributed the recovery in to expectations of global supply deficit this year.
Meanwhile, the three-month copper at the LME gained as much as 0.4 per cent, to $9,670 a tonne.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.