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Copper futures by 0.29% on global cues, tepid demand

Press Trust of India  |  New Delhi 

Copper prices eased by 0.90 per cent to Rs 311.60 per kg in futures trading today as speculators cut down their positions, tracking a weak trend overseas amid tepid demand at domestic spot market.

At the Multi Commodity Exchange, copper for delivery in November month declined by 90 paise, or 0.29 per cent to Rs 311.60 per kg in business turnover of 8,321 lots.

Similarly, the metal for delivery in far-month February next year was trading lower by 90 paise, or 0.28 per cent to Rs 318.90 per kg in 95 lots.

Analysts said offloading of positions by participants, tracking a weak trend overseas and easing demand from consuming industries in the spot market, mainly influenced copper prices at futures trade.

Meanwhile, copper for delivery in three month traded lower 0.1 per cent on the Metal Exchange.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, October 19 2016. 16:48 IST