Copper futures higher on physical demand
21/05/2014 11:15
Copper futures rose in the domestic market on Wednesday as investors and speculators booked fresh positions in the industrial metal amid a pickup in physical demand for copper in the domestic spot market.
However, concerns over slowing economic growth in China, the world’s biggest metals consumer, signaled a gloomy demand outlook for the base metal, trimming gains in copper futures.
At the MCX, copper futures for June 2014 contract is trading at Rs. 410.40 per 1 kg, up by 0.07 per cent, after opening at Rs. 410.40, against the previous closing price of Rs. 410.10. It touched an intra-day low of Rs. 411.50. (At 11:01 AM).
21/05/2014 11:15
Copper futures rose in the domestic market on Wednesday as investors and speculators booked fresh positions in the industrial metal amid a pickup in physical demand for copper in the domestic spot market.
However, concerns over slowing economic growth in China, the world’s biggest metals consumer, signaled a gloomy demand outlook for the base metal, trimming gains in copper futures.
At the MCX, copper futures for June 2014 contract is trading at Rs. 410.40 per 1 kg, up by 0.07 per cent, after opening at Rs. 410.40, against the previous closing price of Rs. 410.10. It touched an intra-day low of Rs. 411.50. (At 11:01 AM).
