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 trade lower on weak global cues

Copper futures traded lower on MCX, due to narrowing of portfolios amid weak trend in red metal rates overseas. Moreover, subdued spot demand from domestic markets triggered down trend.The contract for......

Copper futures end higher on China's growth data

Copper futures ended higher on Wednesday as firmer-than-expected economic growth figures from China boosted expectations for higher demand in the world's top metals consumer. Reports showing China's economy......

Copper futures end lower despite China reports better-than-expected economic growth

Copper futures ended lower on Tuesday, despite China reported better-than-expected economic growth, fuelling hopes of a recovery in its economy amid concerns of a global growth slowdown. Reports showing......

Top News

View all news

Lupin seeks more time from commerce ministry to complete project in Indore SEZ

Lupin has sought more time from the commerce ministry to complete its project, with proposed investment of Rs 205.69 crore, in the Indore Special Economic Zone (SEZ). The company is setting up its pharma......

Tata Sponge Iron to shift its registered office to Kolkata

Tata Sponge Iron has decided to shift its registered office from Keonjhar in Odisha to Kolkata, subject to the approval of the members of the company and other regulatory authorities. The company has also......

GVK Power's arms ink pact with ADIA, NIIF

GVK Power and Infrastructure's subsidiaries -- GVK Airports Developer (GVKADL) and GVK Airport Holdings (GVKAHL) have signed a term sheet and exclusivity agreement with Abu Dhabi Investment Authority (ADIA)......