SEBI Registration NO.---- INA000001530 Investment in stock and commodity market are subject to market risk. Please do not trade on those tips which are not provided through SMS or messenger.

Copper futures Rose up by 0.28% on China Demand growth hopes

Copper futures Rose up by 0.28% on China Demand growth hopes

Copper futures increased during afternoon trade in the domestic market on Monday as investors & speculators extended their positions in the industrial metal on pick up in physical desired from consuming industries amid optimism that the world’s 2 biggest economies, the US & China, will ramp upward fiscal spending to boost slowing growth.

Further, the prices of copper grew on hopes that the US President-Elect Donald Trump’s plan to boost US infrastructure may lift demand in China.

At the MCX, copper futures for February 2017 contract is trading at Rs 377.85/kg, upward by 0.28 %, after opening at Rs 380, against a last close of Rs 376.80. It touched the intra-day max of Rs 380.

2
 
error: Content is protected !!