Copper futures surge on spot demand
17/07/2017
Copper futures were trading higher during the morning trade in the domestic market on Monday as traders built up fresh positions.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 387.00 per kg, up by 0.87 per cent, after opening at Rs 385.95, against a previous close of Rs 383.65. It touched the intra-day high of Rs 387.7 (at 11:50 hours).
17/07/2017
Copper futures were trading higher during the morning trade in the domestic market on Monday as traders built up fresh positions.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 387.00 per kg, up by 0.87 per cent, after opening at Rs 385.95, against a previous close of Rs 383.65. It touched the intra-day high of Rs 387.7 (at 11:50 hours).
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