Commodity Watch: Copper Futures Further Up Higher Spot Demand

New Delhi: Copper futures on Tuesday rose 0.18 per cent to Rs800.05 per kilogram on the back of higher spot demand. On Multi Commodity Exchange (MCX), copper contracts for January delivery climbed Rs1.40 or 0.18 per cent to Rs800.05 per kg in a business turnover of 8,418 lots. Analysts attributed the rise in copper prices to the raising of bets by participants.

Aluminium futures fall on low demand

Aluminium prices slipped marginally by 20 paise to Rs239.90 per kilogram in the futures market, as participants trimmed their positions on a weak trend in the spot market. On MCX, aluminium for delivery in January fell 20 paise or 0.08 per cent to Rs239.90 per kg in 3,171 lots. Analysts said cutting down of positions by participants on easing demand from consuming industries mainly kept aluminium prices lower.