Copper futures rose during noon trade in the domestic market on Friday as investors and speculators booked fresh positions in the industrial metal amid a pickup in physical demand for copper in the domestic spot market.

  At the MCX, copper futures for November 2016 contract is trading at Rs 312.85 per kg, up by 0.24 per cent, after opening at Rs 313.1, against a previous close of Rs 312.1. It touched the intra-day high of Rs 314.

Further, an improving demand outlook from China, the world’s biggest metals consuming nation, also buoyed copper as the country’s manufacturing bounced back into expansion territory with the PMI at an almost two-year high of 50.4 in August.

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