Copper future traded up on MCX as inflation in China, the world’s biggest metals consumer, remained below target, leaving more room for injection of stimulus to spur growth in the world’s second biggest economy, lifting the demand outlook for copper.
The contract for June delivery was trading at Rs 401.80, up by 0.24% or Rs 0.95 from its previous closing of Rs 400.85. The open interest of the contract stood at 25707.00 lots.
The contract for August delivery was trading at Rs 405.10, up by 0.22% or Rs 0.90 from its previous closing of Rs 404.20. The open interest of the contract stood at 1747.00 lots on MCX.
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