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Copper futures up on firm global cues
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Copper prices gained 1.30 pc in the futures market in early trade on Monday as market participants indulged in buying in line with firming trend in overseas markets.
"The metal prices are expected to rise further later in the day on support from a weak dollar, high crude prices and supply threats fromPeru
He said ending of the near-month contract might lead to some profit-booking at higher levels. At 1200 hrs on the Multi Commodity Exchange, copper for November contract rose 1.39 pc to Rs 367.90 per kg on fresh buying by traders influenced by firming trend on the London Metal Exchange. The contract attracted a business volume of 146 lots.
The base metal for August contract rose by 1.04 pc to Rs 367.90 per kg with a business volume of 4261 lots. The June contract rose by 0.97 pc at Rs 370.05, clocking a business volume of 4,110 lots.
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"The metal prices are expected to rise further later in the day on support from a weak dollar, high crude prices and supply threats from
He said ending of the near-month contract might lead to some profit-booking at higher levels. At 1200 hrs on the Multi Commodity Exchange, copper for November contract rose 1.39 pc to Rs 367.90 per kg on fresh buying by traders influenced by firming trend on the London Metal Exchange. The contract attracted a business volume of 146 lots.
The base metal for August contract rose by 1.04 pc to Rs 367.90 per kg with a business volume of 4261 lots. The June contract rose by 0.97 pc at Rs 370.05, clocking a business volume of 4,110 lots.
Please send us your needs, and we will reply to you within one business day, thanks!
