Copper futures zoom 1.15% as China returns

Copper futures zoom 1.15% as China returns

05/04/2017 15:11

Copper futures rose over 1 per cent during afternoon trade in the domestic market on Wednesday as investors and speculators extended their positions in the industrial metal as China returned from a 2-day break to buy metals following brighter global manufacturing reports.

Further, traders eyeing for signs of a pick up in physical activity in China in Q1 and all its credit restraints of the last couple of weeks recede.

At the MCX, copper futures for April 2017 contract is trading at Rs 381 per kg, up by 1.15 per cent, after opening at Rs 378, against a previous close of Rs 376.65. It touched the intra-day high of Rs 382.25 (at 14:55 hours).

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