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Copper declines 0.22% on global cues

Subdued demand also put pressure on it

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The futures for April eased Re 1, or 0.22%, to Rs 452.45 per kg in 832 lots at the Multi Commodity Exchange today.

The February contract fell by 90 paise, or 0.20% to Rs 448.50 per kg, in 11,651 lots.

Analysts said weakening global trend triggered by US Federal Reserve policy makers hinting they may end their bond-purchase programme influenced the copper futures.

At the London Metal Exchange, the contract for 3 months fell 1.3% to $ 8,058 a tonne.

Besides, subdued demand also put pressure on the metal.

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Copper declines 0.22% on global cues

Subdued demand also put pressure on it

The copper futures for April eased Re 1, or 0.22%, to Rs 452.45 per kg in 832 lots at the Multi Commodity Exchange today.

The futures for April eased Re 1, or 0.22%, to Rs 452.45 per kg in 832 lots at the Multi Commodity Exchange today.

The February contract fell by 90 paise, or 0.20% to Rs 448.50 per kg, in 11,651 lots.

Analysts said weakening global trend triggered by US Federal Reserve policy makers hinting they may end their bond-purchase programme influenced the copper futures.

At the London Metal Exchange, the contract for 3 months fell 1.3% to $ 8,058 a tonne.

Besides, subdued demand also put pressure on the metal.

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Read More

Zinc up 0.3% on global cues

Covering-up of short positions by speculators also supported the upside

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