Copper futures rise on spot demand
14/07/2017
Copper futures were trading higher during the noon trade in the domestic market on Friday as traders built up fresh positions even as the metal weakened overseas.Analysts said, pick-up in demand from consuming industries in the spot market mainly supported the upside in copper futures.At the MCX, copper futures for August 2017 contract is trading at Rs 381.35 per kg, up by 0.13 per cent, after opening at Rs 381.30, against a previous close of Rs 380.85. It touched the intra-day high of Rs 382.15 (at 13:00 hours).
14/07/2017
Copper futures were trading higher during the noon trade in the domestic market on Friday as traders built up fresh positions even as the metal weakened overseas.Analysts said, pick-up in demand from consuming industries in the spot market mainly supported the upside in copper futures.At the MCX, copper futures for August 2017 contract is trading at Rs 381.35 per kg, up by 0.13 per cent, after opening at Rs 381.30, against a previous close of Rs 380.85. It touched the intra-day high of Rs 382.15 (at 13:00 hours).
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