Copper futures prices marginally up on global cues

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SummaryIn range-bound movements, copper futures traded a shade higher today largely in line with a better trend in the global markets.

In range-bound movements, copper futures traded a shade higher today largely in line with a better trend in the global markets.

At the Multi Commodity Exchange, copper for delivery in February rose by Rs 1.15, or 0.20 per cent to Rs 446.30 per kg in a turnover of 1,854 lots.

The metal for April delivery contract up by 25 paise, or 0.01 per cent to Rs 450.75 per kg in a turnover of 92 lots.

Analysts attributed rise in copper prices at futures trade to a firming global trend and pick up in domestic demand.

Meanwhile, copper for delivery in three months traded a shade higher at USD 8,103.50 a metric tonne on the London Metal Exchange.

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