Copper futures were trading with slim gains as traders weighed upbeat Chinese economic data which signaled an improved demand outlook for the industrial metal.
China’s factory output and retail sales topped estimates in August, signaling a pickup in the world’s second biggest economy.
Industrial output climbed 6.3 per cent, year-on-year in August 2016, compared to a 6.2 per cent forecast by analysts while growth in retail sales accelerated to 10.6 per cent from 10.2 per cent.
At the MCX, copper futures for November 2016 contract is trading at Rs 316.4 per kg, up by 0.06 per cent, after opening at Rs 316.7, against a previous close of Rs 316.2. It touched an intra-day high of Rs 316.95 .
China’s factory output and retail sales topped estimates in August, signaling a pickup in the world’s second biggest economy.
Industrial output climbed 6.3 per cent, year-on-year in August 2016, compared to a 6.2 per cent forecast by analysts while growth in retail sales accelerated to 10.6 per cent from 10.2 per cent.
At the MCX, copper futures for November 2016 contract is trading at Rs 316.4 per kg, up by 0.06 per cent, after opening at Rs 316.7, against a previous close of Rs 316.2. It touched an intra-day high of Rs 316.95 .
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