Copper futures traded up on MCX as speculators booked fresh positions in the industrial metal amid hopes that a rebound in China’s economy may boost the demand for the base metal, given that China is the world’s biggest copper consumer.
The contract for August delivery was trading at Rs 429.90,up by 0.23% or Rs 1.00 from its previous closing of Rs 428.90. The open interest of the contract stood at 9525.00 lots.
The contract for November delivery was trading at Rs 435.45,up by 0.28% or Rs 1.20 from its previous closing of Rs 434.25. The open interest of the contract stood at 582.00 lots on MCX.
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