India: Copper futures up on global cues

Buoyed by a firming global trend and pick-up in spot demand, copper prices rose by Rs 3.20 to Rs 419.20 per kg in futures trade today.

At the Multi Commodity Exchange, copper for delivery in April rose by Rs 3.20, or 0.53% to Rs 419.20 per kg, with a business turnover of three lots. It had lost 1.1% to Rs 417 per kg in the previous session.

Similarly, the metal for delivery in June gained Rs 2.10, or 0.50%, to Rs 426.25 per kg, with an open interest of five lots.

Market analysts said the recovery in copper prices at futures trade was mostly due to a firming trend at London Metal Exchange.   

Meanwhile, copper for three-month-delivery rose by 0.5% to $9,447 a metric tonne on the London Metal Exchange.

(Source: http://www.business-standard.com/india/news/copper-futures-upglobal-cues-/132415/on)