 "Copper falls 0.6% on weak global cues")
Tracking a weak global trend, copper prices fell by 0.59% to Rs 404.90 per kg in futures trade today as speculators offloaded their positions.
At the Multi Commodity Exchange (MCX), the June contract fell Rs 2.40, or 0.59%, to Rs 404.90 per kg in 2,731 lots.
The August contract traded lower by Rs 2.35, or 0.57%, to Rs 410.15 per kg in 203 lots.
Meanwhile, copper fell 1.1% to $7,220 a tonne on the London Metal Exchange (LME), while delivery in September on the Shanghai Futures Exchange (SFEX) fell by 1% to 51,90 yuan ($8,491) per tonne.
At the Multi Commodity Exchange (MCX), the June contract fell Rs 2.40, or 0.59%, to Rs 404.90 per kg in 2,731 lots.
The August contract traded lower by Rs 2.35, or 0.57%, to Rs 410.15 per kg in 203 lots.
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Analysts attributed the fall in copper futures to weak global cues as metal declined for the third straight day on concern that slowing economic growth in China may crimp demand in the world's biggest consumer of industrial metals.
Meanwhile, copper fell 1.1% to $7,220 a tonne on the London Metal Exchange (LME), while delivery in September on the Shanghai Futures Exchange (SFEX) fell by 1% to 51,90 yuan ($8,491) per tonne.
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