You are here: Home » PTI Stories » National » News
Business Standard

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.)

RECOMMENDED FOR YOU

Copper futures by 0.29% on global cues, tepid demand

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 London Metal Exchange. 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.)

image
Business Standard
177 22

Copper futures by 0.29% on global cues, tepid demand

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.)

image
Business Standard
177 22

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard