NEW DELHI: Buoyed by a firming trend in global markets after exports by China, grew more-than-expected, copper futures prices rose by 0.09 per cent to Rs 427.60 per kg today as speculators enlarged positions. Further, pick-up in demand at spot markets also supported the upside. At the Multi Commodity Exchange, copper for delivery in far-month April up by 40 paise, or 0.09 per cent, to Rs 427.60 per kg, with a business turnover of 3,596 lots. Similarly, the metal for delivery in June traded 30 paise, or 0.07 per cent higher, at Rs 432.90 per kg, with a business turnover of 162 lots. Marketmen said the rise in copper futures was attributed to a firming trend overseas after exports by China, the top user of the industrial metal, grew more than expected, adding to signs of the global economic recovery. Meanwhile, exports by China, the world's second-biggest economy rose 21.8 per cent last month from a year earlier, beating the 8.1 per cent. Globally, copper for the metal for delivery in three months climbed 0.2 per cent to USD 7,783 per tonne at the London Metal Exchange, while at Shanghai Futures Exchange, the metal for delivery in June contracts advanced 0.5 per cent to 56,800 yuan (USD 9,139) per tonne.

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