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Copper futures fall 0.40% as trend weakens

Press Trust of India  |  New Delhi 

Taking weak cues from global market, copper futures traded 0.40 per cent lower at Rs 383.95 per kg today as speculators offloaded bets.

Furthermore, subdued demand at domestic spot market pushed down metal prices.



At the Multi Commodity Exchange, copper for delivery in April shed Rs 1.55, or 0.40 per cent, to Rs 383.95 per kg, in a business turnover of 1,353 lots.

Analysts attributed the fall to a weak trend in select base metals at the Metal Exchange and muted demand at the domestic spot markets.

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

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Copper futures fall 0.40% as trend weakens

Taking weak cues from global market, copper futures traded 0.40 per cent lower at Rs 383.95 per kg today as speculators offloaded bets. Furthermore, subdued demand at domestic spot market pushed down metal prices. At the Multi Commodity Exchange, copper for delivery in April shed Rs 1.55, or 0.40 per cent, to Rs 383.95 per kg, in a business turnover of 1,353 lots. Analysts attributed the fall to a weak trend in select base metals at the London Metal Exchange and muted demand at the domestic spot markets. Taking weak cues from global market, copper futures traded 0.40 per cent lower at Rs 383.95 per kg today as speculators offloaded bets.

Furthermore, subdued demand at domestic spot market pushed down metal prices.

At the Multi Commodity Exchange, copper for delivery in April shed Rs 1.55, or 0.40 per cent, to Rs 383.95 per kg, in a business turnover of 1,353 lots.

Analysts attributed the fall to a weak trend in select base metals at the Metal Exchange and muted demand at the domestic spot markets.

(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 fall 0.40% as trend weakens

Taking weak cues from global market, copper futures traded 0.40 per cent lower at Rs 383.95 per kg today as speculators offloaded bets.

Furthermore, subdued demand at domestic spot market pushed down metal prices.

At the Multi Commodity Exchange, copper for delivery in April shed Rs 1.55, or 0.40 per cent, to Rs 383.95 per kg, in a business turnover of 1,353 lots.

Analysts attributed the fall to a weak trend in select base metals at the Metal Exchange and muted demand at the domestic spot markets.

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

image
Business Standard
177 22