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Commodity Watch: Rising spot demand keeps copper futures in focus

Commodity Watch: Rising spot demand keeps copper futures in focus
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New Delhi: Copper prices on Wednesday rose 0.24 per cent to Rs727.90 per kilogram in the futures market on the back of higher spot demand. On the Multi Commodity Exchange (MCX), copper contracts for delivery in March traded higher by Rs1.75 or 0.24 per cent at Rs727.90 per kg in a business turnover of 4,187 lots. Analysts attributed the rise in copper prices to the raising of bets by participants.

Aluminium futures rise on fresh bets

Aluminium prices inched up 0.07 per cent to Rs201.95 per kilogram in futures trade as speculators built up fresh positions amid a positive trend in the spot market. On MCX, aluminium contracts for March delivery increased marginally 15 paise or 0.07 per cent to Rs201.95 per kg in a business turnover of 4,714 lots. Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.

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