Commodity Watch: Unabated buying in copper futures

New Delhi: Copper prices on Tuesday rose 0.04 per cent to Rs814.20 per kilogram in the futures market on the back of higher spot demand. On Multi Commodity Exchange (MCX), copper contracts for delivery in September traded higher 35 paise or 0.04 per cent at Rs814.20 per kg in a business turnover of 10,032 lots. Analysts attributed the rise in copper prices to the raising of bets by participants.

Aluminium futures fall on low demand

Aluminium prices declined Rs1.40 to Rs231 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 August fell Rs1.40 or 0.6 per cent to Rs231 per kg in 3,113 lots. Analysts said cutting down of positions by participants on easing demand from consuming industries mainly kept aluminium prices lower.