Commodity Watch: Copper futures in focus
image for illustrative purpose
New Delhi: Copper prices on Monday rose 0.7 per cent to Rs766 per kilogram in the futures market on the back of higher spot demand. On the Multi Commodity Exchange (MCX), copper contracts for delivery in April traded higher by Rs5.35 or 0.7 per cent at Rs766 per kg in a business turnover of 4,376 lots. Analysts attributed the rise in copper prices to the raising of bets by participants.
Aluminium futures rise on fresh bets
Aluminium prices marginally rose 0.29 per cent to Rs209.30 per kilogram in futures trade as speculators built up fresh positions amid a positive trend in the spot market. On MCX, aluminium contracts for April delivery marginally increased 60 paise or 0.29 per cent to Rs209.30 per kg in a business turnover of 3,556 lots. Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.
