Commodity Watch: Copper Futures Recover On Renewed Spot Demand

New Delhi: Copper futures on Tuesday rose 0.25 per cent to Rs837.90 per kilogram on the back of higher spot demand. On Multi Commodity Exchange (MCX), copper contracts for February delivery climbed Rs2.10 or 0.25 per cent to Rs837.90 per kg in a business turnover of 6,295 lots. Analysts attributed the rise in copper prices to higher bets by participants.

Aluminium futures fall on low demand

Aluminium prices slipped 30 paise to Rs253.15 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 February fell 30 paise or 0.12 per cent to Rs253.15 per kg in 3,828 lots. Analysts said cutting down of positions by participants on easing demand from consuming industries mainly kept aluminium prices lower.

Zinc futures decline on weak demand

Zinc prices marginally fell 0.02 per cent to Rs269.05 per kilogram in futures trade as speculators reduced their exposure, tracking negative cues from the spot market. On MCX, zinc contracts for March delivery traded marginally lower by 5 paise or 0.02 per cent at Rs269.05 per kg in 418 lots.