COMEX Copper futures edged up from one and half week lows today as markets eyed equities and Chinese import data. The counter currently trades at $4.55 per pound, up marginally on the day. In August, China's Copper concentrate imports rose by 7.4% YoY to 2.8 million tonnes on strong domestic refined output. In equities, China's Shanghai Composite index added 0.38%. Hong Kong's Hang Seng rose 0.85%. Japanese NIKKEI index spiked 1.45%, adding to latest gains. European stocks also gained steadily amid lack of major economic cues. On MCX, Copper futures rose from lows under Rs 898 per kg to trade at Rs 901.55 per kg, up 0.23% on the day.
Powered by Commodity Insights