Commodity Watch: Copper Futures Continue To Recover On Firm Spot Demand

New Delhi: Copper futures on Wednesday rose 0.38 per cent to Rs844.50 per kilogram on the back of higher spot demand. On Multi Commodity Exchange (MCX), copper contracts for March delivery climbed Rs3.20 or 0.38 per cent to Rs844.50 per kg in a business turnover of 1,202 lots. Analysts attributed the rise in copper prices to higher bets by participants.

Aluminium futures rise on fresh bets

Aluminium prices rose 70 paise to Rs254.20 per kilogram in the futures market as speculators built up fresh positions amid a positive trend in the spot market. On MCX, aluminium for delivery in March increased 70 paise or 0.28 per cent to Rs254.20 per kg in 536 lots. Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.

Zinc futures decline on weak demand

Zinc prices fell 0.22 per cent to Rs269.10 per kilogram in futures trade as speculators reduced their exposure, tracking negative cues from the spot market. On MCX, zinc contracts for February delivery traded 60 paise or 0.22 per cent lower at Rs269.10 per kg in 426 lots.