 "Copper down 0.1% on global cues; low demand")
Amid a weak trend in global markets and subdued spot demand, copper prices fell marginally to Rs 402.90 per kg in futures trade today.
At the Multi Commodity Exchange, copper for delivery in August shed 40 paise, or 0.10%, to Rs 402.90 per kg in business turnover of 49 lots.
The metal for delivery in June traded lower by 15 paise, or 0.04%, to Rs 399.50 per kg in 1,353 lots.
Globally, copper for delivery in three months fell 0.4%, to $6,665 a tonne on the London Metal Exchange and metal for delivery in August slid 0.6% to 47,570 yuan ($7,638) a tonne on the Shanghai Futures Exchange.
At the Multi Commodity Exchange, copper for delivery in August shed 40 paise, or 0.10%, to Rs 402.90 per kg in business turnover of 49 lots.
The metal for delivery in June traded lower by 15 paise, or 0.04%, to Rs 399.50 per kg in 1,353 lots.
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Analysts attributed fall in copper futures to weak global cues amid concern that a warehousing probe at China's Qingdao port will curb demand for the metal.
Globally, copper for delivery in three months fell 0.4%, to $6,665 a tonne on the London Metal Exchange and metal for delivery in August slid 0.6% to 47,570 yuan ($7,638) a tonne on the Shanghai Futures Exchange.
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