Copper futures higher on physical demand, Europe hopes
16/06/2014 11:36
Copper futures rose in the domestic market on Monday as investors and speculators booked fresh positions in the industrial metal amid firm physical demand for copper in the domestic spot market.
Further, Euro area trade surplus widened in April 2014, signaling a pickup in the 18-member economy, lifting the demand outlook for industrial metals. Euro area posted a trade surplus of 15.7 billion euro in April, up from 14 billion euro in April 2013.
At the MCX, copper futures for June 2014 contract is trading at Rs. 404.15 per 1 kg, up by 0.82 per cent, after opening at Rs. 402, against the previous closing price of Rs. 400.85. It touched an intra-day high of Rs. 404.85. (At 11:23 AM).
16/06/2014 11:36
Copper futures rose in the domestic market on Monday as investors and speculators booked fresh positions in the industrial metal amid firm physical demand for copper in the domestic spot market.
Further, Euro area trade surplus widened in April 2014, signaling a pickup in the 18-member economy, lifting the demand outlook for industrial metals. Euro area posted a trade surplus of 15.7 billion euro in April, up from 14 billion euro in April 2013.
At the MCX, copper futures for June 2014 contract is trading at Rs. 404.15 per 1 kg, up by 0.82 per cent, after opening at Rs. 402, against the previous closing price of Rs. 400.85. It touched an intra-day high of Rs. 404.85. (At 11:23 AM).
