Copper futures up on postive global cues

Copper traded marginally higher by 0.16 per cent to Rs 404.50 per kg in futures trade today, supported by a firming trend in the base metals at the London Metal Exchange (LME) and pick-up in domestic spot demand. 

At the Multi Commodity Exchange, copper for delivery in June traded higher by 65 paise, or 0.16 per cent, to Rs 404.50 per kg, with a business turnover of 6,426 lots. 

Similarly, the metal for delivery in August edged up by 55 paise, or 0.13 per cent, to Rs 409.60 per kg, with an open interest of 732 lots. 

Market analysts attributed the recovery in copper futures prices to a firming trend in copper at the LME after assurances from European officials that a solution will be found to Greece's debt crisis. 

Meanwhile, copper for three-month rose 0.4 per cent to USD 9,045 a tonne at the LME. 

Share this:
Tags:

About Jessica Priston

Ut tellus dolor, dapibus eget, elementum vel, cursus eleifend, elit. Aenean auctor wisi et urna. Aliquam erat volutpat. Duis ac turpis. Integer rutrum ante eu lacus. Vestibulum libero nisl, porta vel, scelerisque eget, malesuada at, neque. Vivamus eget nibh. Etiam cursus leo vel metus. Nulla facilisi. Aenean nec eros.

  • Website
  • Google+
  • Rss
  • Pinterest
  • Instagram
  • LinkedIn
  • Vimeo
  • Youtube
  • Flickr
  • Email

Related News

  • Cashback site Cashkaro now offers restaurant discounts

    India’s e-commerce market looks large and lucrative enough from the outside, but insiders know it is very challenging. In fact, the number of e-commerce sites and businesses is growing so fast here today that the competition is cut-throat. This

  • What is Viscose Material? Advantage and disadvantage of viscose.

    Viscose is a unique form of wood cellulose acetate used in the nnmanufacture of a number of different products. This includes items for nnthe medical industry, though it is perhaps most common as a major nningredient in the production of the fabric r

  • Honda launches new CBR 250R bike
    Honda launches new CBR 250R bike
    July 01, 2014 5:50 am

    New Delhi: Honda Motorcycle & Scooter India (HMSI) launched a new edition of its global sports performance bike CBR 250R priced between Rs 1.56 lakh and Rs 1.86 lakh (ex-showroom Delhi). The 2013 edition CBR 250R is available for sale across a

  • Zara has opened store at Ambience mall, Gurgaon

    Zara, has opened its new store at Ambience mall, Gurgaon. Spread over 28,000 sq.ft. across two floors the store has taken the space earlier occupied by Debenhams. With this Zara now has twelve stores in India. It is present in 86 countries with