Breaking News

You are here » Indian-Commodity  :  Commodities  :  Copper  :  Copper futures edge higher on MCX

30-Jun2017

Copper futures edge higher on MCX

Copper futures edged higher on MCX due to firm trend at the domestic spot markets on increased domestic demand. Moreover, covering-up of short positions, today being the last day of June also added support to copper prices' uptrend.

The contract for June delivery was trading at Rs 385.05, up by 0.31% or Rs 1.20 from its previous closing of Rs 383.85. The open interest of the contract stood at 6476 lots.

The contract for August delivery was trading at Rs 389.00, up by 0.19% or Rs 0.75 from its previous closing of Rs 388.25. The open interest of the contract stood at 11383 lots on MCX.


Related News

View all news

Copper futures end higher on China stimulus measures

Copper futures ended higher on Thursday as China's move to inject liquidity into the financial system boosted expectations of higher demand in the world's top industrial metals consumer. The People's Bank......

Copper futures end higher on China stimulus hopes

Copper futures ended higher on Wednesday, buoyed by signs of more stimulus from world's top metals consumer China as it aims to achieve 'a good start to 2019' in the first quarter. In a sign of improving......

Copper futures end almost flat on Tuesday

Copper futures ended almost flat on Tuesday as the world's top metal consumer China signaled further stimulus measures to support economic growth and demand while US President Donald Trump raised hopes......

Top News

View all news

Coromandel International reports 14% fall in Q3 consolidated net profit

Coromandel International has reported results for third quarter ended December 31, 2018.The company has reported a fall of 15.23% in its net profit at Rs 152.67 crore for the quarter under review as compared......

Bajaj Auto planning to foray into electric vehicles next year

Bajaj Auto is planning to foray into electric vehicles (EV) next year, simultaneously with the migration of its conventional engine vehicles to BS-VI emission norms.The company also plans to launch electric......

Inflame Appliances, Lupin and IDBI Bank to see some action today

Inflame Appliances has set up a new facility to produce Electrical Chimneys & its parts, which can be considered as an 'Make in India' initiative as more than 90% Chimneys are imported from China......