Commodity Watch: Firm Spot Demand Supporting Copper Futures

New Delhi: Copper prices on Tuesday rose Rs3.60 to Rs822.85 per kilogram in the futures market on the back of higher spot demand. On Multi Commodity Exchange (MCX), copper contracts for delivery in October traded higher Rs3.60 or 0.44 per cent at Rs822.85 per kg in a business turnover of 2,872 lots. Analysts attributed the rise in copper prices to the raising of bets by participants.

Aluminium futures rise on fresh bets

Aluminium futures marginally climbed 0.43 per cent to Rs234.80 per kilogram as speculators built up fresh positions amid a positive trend in the spot market. On MCX, aluminium contracts for October delivery marginally increased Re1 or 0.43 per cent to Rs234.80 per kg in a business turnover of 181 lots. Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.