Commodity Watch: Firm Spot Demand Keeps Copper Futures In Focus

New Delhi: Copper futures on Tuesday rose 0.08 per cent to Rs835.50 per kilogram on the back of higher spot demand. On Multi Commodity Exchange (MCX), copper contracts for February delivery climbed 65 paise or 0.08 per cent to Rs835.50 per kg in a business turnover of 3,592 lots. Analysts attributed the rise in copper prices to the raising of bets by participants.

Aluminium futures fall on low demand

Aluminium prices slipped 25 paise to Rs255.55 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 25 paise or 0.1 per cent to Rs255.55 per kg in 2,810 lots. Analysts said cutting down of positions by participants on easing demand from consuming industries mainly kept aluminium prices lower.