Copper futures rise 0.52% amid upbeat demand
09/08/2017
Copper futures were trading higher during the noon trade in the domestic market on Wednesday as speculators extended their positions amid pick-up in demand at the domestic spot markets.Analysts attributed rise in copper futures to a firming trend in base metals at the London Metal Exchange (LME) where it hovered nearly 2-1/2 year highs at USD 6,466.50 per tonne yesterday.At the MCX, cardamom futures for August 2017 contract was trading at Rs 416.20 per kg, up by 0.52 per cent, after opening at Rs 414.65, against a previous close of Rs 414.05. It touched the intra-day high of Rs 416.35 (at 12:30 hours).
09/08/2017
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Copper futures were trading higher during the noon trade in the domestic market on Wednesday as speculators extended their positions amid pick-up in demand at the domestic spot markets.Analysts attributed rise in copper futures to a firming trend in base metals at the London Metal Exchange (LME) where it hovered nearly 2-1/2 year highs at USD 6,466.50 per tonne yesterday.At the MCX, cardamom futures for August 2017 contract was trading at Rs 416.20 per kg, up by 0.52 per cent, after opening at Rs 414.65, against a previous close of Rs 414.05. It touched the intra-day high of Rs 416.35 (at 12:30 hours).
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