Breaking News

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

01-Dec2017

Copper futures trade higher on MCX

Copper futures traded higher on MCX, as demand for the metal in physical market got firm . The red metal prices also rose as speculators widened their positions, though the metal weakened in overseas market.

The contract for February delivery was trading at Rs 441.70 edged up by 0.30 % or Rs 1.30 from its previous closing of Rs 440.40. The open interest of the contract stood at 10919 lots.

The contract for April delivery was trading at Rs 445.35, strengthened by 0.18 % or Rs 0.80 from its previous closing of Rs 444.55. The open interest of the contract stood at 182 lots on MCX.


Related News

View all news

Copper futures trade lower on trade deal concerns

Copper futures traded lower on Monday, pressured by concerns over the outlook for the global economy and metals demand as Washington and Beijing struggled to salvage a deal to end a bitter trade war. Investors......

Copper futures trade marginally higher on improved demand

Copper futures traded marginally higher on MCX as speculators enlarged their exposure amid improved demand at the spot market. Copper prices gained further by tracking firm trend overseas on hopes of easing......

Copper futures trade marginally lower amid weak global cues

Copper futures traded marginally lower on MCX, as red metal overseas is in negative territory amid mounting tensions ahead of crucial trade talks between the United States and China from Thursday, with......

Top News

View all news

SRF, NIIT Technologies and United Bank of India to see some action today

SRF has entered into a definitive agreement to sell its Engineering Plastics Business to DSM, the Life Sciences and Materials Sciences Company in an all-cash transaction, amounting to Rs 320 crore. The......

NIIT Technologies concludes sale of 88.99% stake in ESRI India Technologies

NIIT Technologies has concluded the sale of 88.99% equity shares in ESRI India Technologies, India to Environment Systems Research Institute Inc., USA. Consequent to above sale, ESRI India Technologies,......

United Bank of India to raise Rs 1,500 crore by various means

United Bank of India has received approval to raise equity capital not exceeding Rs 1,500 crore in one or more tranches during the financial year by way of Qualified Institutions Placement, Public Issue,......