India copper futures likely to open tad lower

Published on 2009-07-02 09:36:36



Singapore - India August MCX copper futures likely to open slightly lower, tracking LME as three-month LME copper trading 0.8% lower. However, "prices may pick up later on support from the rising Asian equity markets," says Kapil Gandhi, trader with STCI Commodities; improving economy likely to push up demand for copper, especially for infrastructure construction. Gandhi tips contract to trade in INR244-INR250/kg range; last close at INR246.85.