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Copper futures fall 0.74% as speculators trim positions

Press Trust of India  |  New Delhi 

futures traded 0.74 per cent lower at Rs 436.95 per kg today as speculators offloaded bets amid a weak trend overseas.

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

At the Multi Commodity Exchange, for delivery in 3.25, or 0.74 per cent, to Rs 436.95 per kg in a business turnover of 1,021 lots.

Also, for delivery in far-month April was trading down Rs 3.25, or 0.73 per cent, at Rs 441.80 per kg in 34 lots.

Analysts attributed the fall to offloading of positions by participants amid muted demand at the domestic spot markets and weak trend overseas.

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

First Published: Fri, February 09 2018. 11:25 IST
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