Copper Contracts
MCX copper futures rise as China markets open after Lunar New Year holidays
This story was originally published at 10:31 IST on 24 February 2026
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MUMBAI – Futures prices of copper on the Mutli Commodity Exchange of India opened higher Tuesday, as demand for the metal, particularly from China, was seen rising after its markets opened post the Lunar New Year holidays, observers said.
Moreover, the US Supreme Court's order rejecting high tariffs imposed by President Donald Trump on imports from different countries has apparently helped revive demand for China's metal-intensive exports, said ICICI Direct in a note. This relief, however, could be temporary as US may come up with fresh round of tariffs. Meanwhile, persistent rise in inventories at LME-registered warehouses could hurt prices, it noted.
Also, Fed minutes showed policymakers are in no rush to cut rates, with some even open to hikes if inflation persists, thus potentially dampening demand for the metal.
The most-traded March copper contract on MCX opened at INR 1,205.45 per kg, up from INR 1,197.25 per kg at previous day's close. At 0948 IST, it was trading at INR 1,203.95 per kg after touching a high of INR 1,211.65 per kg and a low of INR 1,203.30 per kg.
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Reported by Abhijit Doshi
Edited by Vandana Hingorani
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