Copper weakens on global cues

Copper futures prices today fell marginally to Rs 444.70 per kg

Press Trust of India New Delhi
Last Updated : Feb 03 2014 | 11:04 AM IST
Copper futures prices today fell marginally to Rs 444.70 per kg, as speculators trimmed positions amid a weak trend in the global markets on slowing manufacturing in China.

At the Multi Commodity Exchange, copper for delivery in February declined by 25, or 0.06%, to Rs 444.70 per kg in business turnover of 392 lots.

The metal for delivery in April fell by a similar margin to Rs 451.10 per kg in 7 lots.

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Analysts attributed the decline to a subdued trend at the London Metal Exchange (LME) as manufacturing in China, the world's largest user of base metals.

Meanwhile, copper for delivery in three-months traded 0.40% lower at $7,035 per tonne on the LME.

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First Published: Feb 03 2014 | 10:55 AM IST

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