Copper down 0.44% on global cues
Speculators trim positions as metal loses 0.6% in London, on signs of slowing Chinese demand
 "Copper down 0.44% on global cues")
Copper prices fell 0.44 per cent to Rs 410.95 per kg in futures trade today as speculators engaged in trimming positions amid a weak global trend.
At the Multi Commodity Exchange, copper for delivery in June fell by Rs 2, or 0.44 per cent, to Rs 410.95 per kg in a business turnover of 417 lots.
The August contract lost Rs 1.60, or 0.39 per cent, to Rs 413.65 per kg in 14 lots.
Meanwhile, copper for delivery in three months fell 0.6 per cent to $6,820 a tonne on London Metal Exchange.
At the Multi Commodity Exchange, copper for delivery in June fell by Rs 2, or 0.44 per cent, to Rs 410.95 per kg in a business turnover of 417 lots.
The August contract lost Rs 1.60, or 0.39 per cent, to Rs 413.65 per kg in 14 lots.
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Market analysts said the fall in copper prices at futures trade was due to offloading of positions by speculators, taking weak cues from global market on signs of slowing Chinese demand and amid reports of a probe into metals warehousing at the country's Qingdao port.
Meanwhile, copper for delivery in three months fell 0.6 per cent to $6,820 a tonne on London Metal Exchange.