Copper Futures Rise 0.45% On Robust Demand

Copper futures were trading higher during the noon trade in the domestic market on Wednesday amid positive cues from global market and rising spot demand. Analysts attributed the rise in copper futures trade to a firm global trend with confidence in global economy supported prices.

Moreover, pick up in demand at the domestic markets from consuming industries too supported the upside, they said. At the MCX, copper futures for November 2017 contract was trading at Rs 447.00 per kg, up by 0.45 per cent, after opening at Rs 446.25, against a previous close of Rs 445.00. It touched the intra-day high of Rs 448.15 (at 12:50 hours).

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