Copper future edge higher on MCX

Copper future traded up on MCX as a rise in China’s exports and imports last month eased the concerns of a slowdown in the world’s second biggest economy. However, German factory orders fell in March, signaling a faltering recovery in Europe’s biggest economy, which darkened the demand outlook for the industrial metals and capped some gains in copper prices. The contract for June delivery was trading at Rs 406.80, up by 0.36% or Rs 1.45, from its previous closing of Rs 405.35. The open interest of the contract stood at 19014 lots. The contract for August delivery was trading at Rs 410.00, up by 0.26% or Rs 1.05, from its previous closing of Rs 408.95. The open interest of the contract stood at 448 lots on MCX.