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Copper futures surge on Chinese trade data, Have a Look!

Copper futures surge on Chinese trade data, Have a Look!

Copper futures were trading bigger during afternoon trade in the domestic market on Wednesday as investors & speculators extended their positions in the industrial metal after upbeat Chinese trade data eclipsed an overall drop in the country’s imports of refined metal.

China unexpectedly posted a rare trade deficit in February as imports surged far more than expected to feed a months-long construction boom.

At the MCX, copper futures for April 2017 contract is trading at Rs 387.60/kg, upward by 0.21 %, after opening at Rs 387.30, against a last close of Rs 386.80. It touched the intra-day high of Rs 388.85.

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