Copper futures traded higher on MCX, on account of enlargement of portfolios by the participants tracking robust demand for electric vehicles and renewable energy technologies. Further, persisting supply disruptions and curtailed inventory positions also encouraged red metal buying.
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The contract for January delivery was trading at Rs 826.35 up by 0.16% or Rs 1.35 from its previous closing of Rs 825.00. The open interest of the contract stood at 5775 lots.
MCX Copper Tips Update : MCX Copper Above 807 Buy on Dips, Target Price 822—832—837
MCX Copper Tips: MCX Copper Tips For Today
The contract for February delivery was trading at Rs 831.00 up by 0.18% or Rs 1.50 from its previous closing of Rs 829.50. The open interest of the contract stood at 2015 lots on MCX.
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