Copper down 0.6% on global cues

Globally, the metal for delivery in three months retreated as much as 0.9%

Tracking a weak trend overseas, copper prices fell by 0.66% to Rs 397.65 per kg in futures trade today as speculators trimmed their positions.

At the Multi Commodity Exchange, copper for delivery in April fell by Rs 2.65, or 0.66%, to Rs 397.65 per kg in a business turnover of 1,630 lots.

On similar lines, the metal for delivery in June declined by Rs 2.45, or 0.61%, to Rs 401.60 per kg in 100 lots.

Market analysts said the fall in copper futures was mostly in line with a weakening trend overseas after data suggested Chinese factory production in March missed estimates, damping demand prospects in the world's biggest user of metals.

Globally, copper for delivery in three months retreated as much as 0.90% to $6,419.75 a tonne on the London Metal Exchange, while in Shanghai, the futures contract for June fell 0.4% to 45,000 yuan ($7,234) a tonne.