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Copper moved up by 0.34 per cent to Rs 431.55 per kg at the futures trade today on continued buying by traders, tracking a firming trend at the London Metal Exchange (LME) on expectations that the demand may pick up.
Trading sentiments remained firm as the metal strengthened in the overseas markets on expectations of improving demand which would offset concerns about Europe’s debt crisis and more earthquakes in Japan.
At the Multi Commodity Exchange, copper for delivery in April gained Rs 1.45 or 0.34 per cent to Rs 431.55 per kg with a business turnover of 14 lots. Similarly, June contract traded higher by Rs 1.45 or 0.33 per cent to Rs 437.05 per kg with an open interest of two lots.
Meanwhile, copper for three-month delivery rose 0.2 per cent to $9,512.50 a tonne on the LME.
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