 "Copper down 0.1% on overseas cues")
Amid a weak trend in the global market and subdued spot demand, copper continued its slide with prices falling by 0.15% in futures trade today as speculators trimmed positions.
At the Multi Commodity Exchange, copper for delivery in June fell marginally by 60 paise, or 0.15%, to Rs 407.70 per kg in business turnover of 13,660 lots.
Copper for delivery in far-month August contracts fell by a similar margin to trade at Rs 412.90 per kg in a turnover of 1,335 lots.
Globally, copper for delivery in three months fell 1.0%, to $6,888.25 a tonne on the London Metal Exchange, the lowest since May 3, while the metal for delivery in October on the Shanghai Futures Exchange fell 2% to 49,910 yuan ($8,140) a tonne.
At the Multi Commodity Exchange, copper for delivery in June fell marginally by 60 paise, or 0.15%, to Rs 407.70 per kg in business turnover of 13,660 lots.
Copper for delivery in far-month August contracts fell by a similar margin to trade at Rs 412.90 per kg in a turnover of 1,335 lots.
Also Read
Analysts attributed the fall in copper futures to weak global cues after Federal Reserve Chairman Ben Bernanke said bond purchases may be reduced later this year and as China's manufacturing is slowing.
Globally, copper for delivery in three months fell 1.0%, to $6,888.25 a tonne on the London Metal Exchange, the lowest since May 3, while the metal for delivery in October on the Shanghai Futures Exchange fell 2% to 49,910 yuan ($8,140) a tonne.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%