Copper futures were little changed during afternoon trade in the domestic market on Thursday as investors and speculators extended their positions in the industrial metal after data showing the metals’s shift to global a supply deficit.
According to the industry data released this week, the global world refined copper market showed a 5,000 tonne deficit in March, against 102,000 tonne surplus in February.
At the MCX, copper futures for June 2017 contract is trading at Rs 370.30 per kg, up by 0.03 per cent, after opening at Rs 370, against a previous close of Rs 370.20. It touched the intra-day high of Rs 370.75 (at 14:22 hours).
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