Decoding the rage in Ferguson

Decoding the rage in Ferguson

For more than a decade, African-American gains since the 1960s...
No table for three

No table for three

Narendra Modiís gamble wonít work unless Delhi gets act together on J&K, border management...

Copper futures prices rise on global cues

Nov 16 2012, 11:52 IST
Comments 0
SummaryCopper futures prices rose by 0.27 per cent to Rs 421.75 per kg today.

Buoyed by a firming trend in global markets on China growth outlook, copper futures prices rose by 0.27 per cent to Rs 421.75 per kg today as speculators enlarged positions.

At the Multi Commodity Exchange, copper for delivery in November rose by Rs 1.15, or 0.27 per cent, to Rs 421.75 per kg, with a business turnover of 3,643 lots.

Similarly, the metal for delivery in February traded higher by Re 1, or 0.23 per cent, to Rs 427.95 per kg, with a business turnover of 314 lots.

Marketmen said a firming trend overseas as signs of improved economic growth in China, the biggest user, boosted demand outlook, influenced copper prices at futures trade here.

Besides, pick-up in demand at the domestic spot market supported the upside, traders said.

Meanwhile, copper for the metal for delivery in three months climbed 0.4 per cent to USD 7,666.75 per tonne at the London Metal Exchange, while at Shanghai, the metal advanced 0.2 per cent to 55,940 yuan (USAD 8,974) per tonne.

Ads by Google

More from Commodities

Reader´s Comments
| Post a Comment
Please Wait while comments are loading...