Copper weakens 0.7% global cues

Subdued demand in spot market put pressure on the trade

Press Trust of India New Delhi
Last Updated : Apr 22 2013 | 2:34 PM IST
Copper futures for June traded Rs 2.50, or 0.65%, to Rs 380.15 per kg in 1,190 lots.     

At the Multi Commodity Exchange (MCX), the April contract went down by Rs 2.30, or 0.61%, to Rs 373.95 per kg in 8,584 lots.

Prices fell as speculators reduced their positions.

Also Read

Subdued demand in spot market also put pressure.

Weak global trend amid concerns that earthquake in China's Sichuan province will hurt demand for the metal in the near-term before it boosts consumption in the reconstruction affected the trade.

On the London Metal Exchange (LME), the three-month contract dropped as much as 1.5% to $6,888.75 per tonne.
*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

More From This Section

First Published: Apr 22 2013 | 2:33 PM IST

Next Story