NEW DELHI, Jan 13: Buoyed by a firming trend in global markets, copper futures prices rose by 0.22 per cent to Rs 458.45 per kg today as speculators enlarged positions.
At the Multi Commodity Exchange, copper for delivery in February up by Re one, or 0.22 per cent, to Rs 458.45 per kg, with a business turnover of 366 lots.
Similarly, the metal for delivery in far-month April traded higher by 90 paise, or 0.19 per cent, to Rs 462.45 per kg, with a business turnover of six lots.
Marketmen said a firming trend overseas as China’s imports rose the most in five months in December, indicating that domestic demand will support economic growth in the world’s biggest metals user, influenced copper prices at futures trade here.
Besides, pick up in demand at the domestic market supported the upside, traders said.
Meanwhile, copper for the metal for delivery in three months climbed 0.5 per cent to USD 7,340 per tonne at the London Metal Exchange, while at Shanghai, the metal for delivery in March advanced 1.1 per cent to 51,900 yuan (USD 8,584) per tonne. (AGENCIES)
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