Comments
Copper futures prices rose 0.2 per cent today, as speculators built up fresh positions, in tandem with a firming trend at the London Metal Exchange (LME).
Analysts said the trading sentiment turned better as the metal strengthened at the London Metal Exchange after manufacturing in China, the world’s largest consumer of the metal, and the US improved, boosting the demand outlook for copper.
At the Multi Commodity Exchange counter, June contract edged up by Re one or 0.2 per cent to Rs 464.40 per kg with a business turnover of three lots. Similarly, the metal for delivery in February traded higher by 55 paise or 0.12 per cent to Rs 459.35 per kg with a business turnover of 16 lots.
Meanwhile, at the LME, copper for three-month delivery gained as much as 0.5 per cent to $9,993 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.