 "Copper weakens by 0.1% trade on global cues")
Copper futures prices today fell 0.1% to Rs 467.75 per kg, as speculators trimmed their positions amid a weak trend in the global markets.
At the Multi Commodity Exchange, copper for delivery in February declined by 45, or 0.10%, to Rs 467.75 per kg in business turnover of 377 lots.
Similarly, the metal for delivery in far-month April fell by 25 paise, or 0.05%, to Rs 473 per kg in 8 lots.
Globally, copper for delivery in three months traded 0.20% lower at $7,368 per tonne on the LME, while at the Shanghai Futures Exchange it fell 0.3% to 52,220 yuan ($8,607) a ton.
At the Multi Commodity Exchange, copper for delivery in February declined by 45, or 0.10%, to Rs 467.75 per kg in business turnover of 377 lots.
Similarly, the metal for delivery in far-month April fell by 25 paise, or 0.05%, to Rs 473 per kg in 8 lots.
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Analysts attributed the decline in copper prices to a subdued trend at the London Metal Exchange (LME) on concern that the US Federal Reserve may accelerate tapering of stimulus and subdued spot demand.
Globally, copper for delivery in three months traded 0.20% lower at $7,368 per tonne on the LME, while at the Shanghai Futures Exchange it fell 0.3% to 52,220 yuan ($8,607) a ton.
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