Copper Futures In Reverse Gear

Copper futures were trading higher during afternoon trade in the domestic market on Friday as investors and speculators extended their positions in the industrial metal amid supply concerns in Chile and recent data pointing to robust import demand from China.

Further, a fall in inventories overseas too helped support copper prices at futures trade. At the MCX, copper futures for June 2017 contract is trading at Rs 373.50 per kg, up by 0.71 per cent, after opening at Rs 369.40, against a previous close of Rs 370.85. It touched the intra-day high of Rs 374.75.

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Suhani Verma

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