Copper marginally down on weak global trends

Prices dropped as speculators trimmed positions

Press Trust of India New Delhi
Last Updated : Feb 15 2013 | 1:50 PM IST
Copper futures for February declined by 40 paise, or 0.09%, to Rs 445.30 per kg in 991 lots.

At the Multi Commodity Exchange (MCX), the April fell by 60 paise, or 0.09%, to Rs 451.10 per kg in 57 lots.

Prices dropped as speculators trimmed positions.

Subdued trend at the London Metal Exchange (LME), as the euro-area recession deepened more than economists forecast, weakened demand for the metals.

On LME, the three-month contract traded a shade lower at $8,250 per tonne.

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First Published: Feb 15 2013 | 1:48 PM IST

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