Breaking News

You are here » Indian-Commodity  :  Commodities  :  Copper  :  Copper futures end higher on Monday

22-Jan2019

Copper futures end higher on Monday

Copper futures ended higher on Monday. Though, worries about demand in world's top consumer China after data showed weaker economic growth and expectations of slowing activity ahead of the Lunar New Year holiday, capped some gains. Reports showed China's economy cooled in the fourth quarter under pressure from faltering domestic demand and bruising US tariffs, dragging 2018 growth to 6.6 percent, the lowest in nearly three decades. Meanwhile, investors hoped that China will come out with more stimulus measures to revive its economy.

Copper futures for March delivery added $0.0390 to settle at 2.7190 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange ended down 1.2 percent at $5,981 a tonne.


Related News

View all news

Copper futures end higher on weaker dollar

Copper futures ended higher on Tuesday due to a weaker US dollar and hopes that the United States and China would forge a trade deal. A new round of talks between the United States and top metals consumer......

Copper futures trade tad higher on pick up in demand

Copper futures traded marginally higher on MCX, with the technical buying at prevailing lower rates after better than expected lending data in China, the world's largest consumer, bolstered the demand......

Copper futures end higher on China's better than expected lending data

Copper futures ended higher on Friday after better than expected lending data in China, the world's biggest consumer, bolstered the demand outlook. China's banks made the most new loans on record in January......

Top News

View all news

Tata Motors signs LTS agreement with its employees

Tata Motors has signed a long-term wage settlement (LTS) agreement with its employees. Under the agreement, workmen will get a wage rise of Rs 9,000 per month along with other incentives based on performance.......

Canara Bank invites bids from merchant bankers to manage its $350-500 million MTN issue: Report

Canara Bank has reportedly invited bids from merchant bankers to manage its $350-500 million issue of senior unsecured/tier-II capital bonds under its medium-term note (MTN) programme. The issue size may......

Alembic Pharma gets USFDA's nod for Acetazolamide Extended-Release Capsules

Alembic Pharmaceuticals (Alembic) has received approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) Acetazolamide Extended-Release Capsules, 500......