Commodity Watch: Firm Spot Demand Propelling Copper Futures Up

New Delhi: Copper futures on Tuesday rose 0.56 per cent to Rs811 per kilogram on the back of higher spot demand. On Multi Commodity Exchange (MCX), copper contracts for December delivery increased by Rs4.55 or 0.56 per cent to Rs811 per kg in a business turnover of 6,148 lots. Analysts attributed the rise in copper prices to the raising of bets by participants.

Aluminium futures rise on fresh bets

Aluminium prices climbed Rs1.35 to Rs243.30 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 December rose Rs1.35 or 0.56 per cent to Rs243.30 per kg in 2,205 lots. Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.