Copper futures marginally up on global cues

NEW DELHI, May 30:  Copper futures rose marginally by 0.11 per cent to Rs 411.30 per kg today, after speculators enlarged positions on positive cues from global markets.
At the Multi Commodity Exchange, copper for delivery in August rose by 45 paise, or 0.11 per cent, to Rs 413.30 per kg, with a turnover of 135 lots.
Similarly, the metal for delivery in June was up by 35, or 0.09 per cent, at Rs 411.30 per kg, with a trade volume of 4,031 lots.
Globally, copper for delivery in three months rose 0.2 per cent to USD 6,878.50 per tonne at the London Metal Exchange (LME).
Market analysts said fresh positions created by participants, tracking a firming trend at the LME as stockpiles monitored by exchanges in London, Shanghai and New York dwindled, influenced copper prices in futures trade here. (PTI)