 "Copper down by 0.3% on weak global cues")
Copper futures fell 0.34% to Rs 406.40 per kg today as speculators trimmed positions amid a weak trend in global markets.
At the Multi Commodity Exchange, copper for delivery in April next year declined by Rs 1.40, or 0.34%, to Rs 406.40 per kg in a business turnover of 2 lots.
The metal for delivery in February fell by Re 1, or 0.25%, to Rs 402.90 per kg in a business volume of 2 lots.
Globally, copper for delivery in three-months traded 0.3% lower at $6,453.75 per tonne at the LME, while in Shanghai the metal for February delivery rose 0.4% to 45,990 yuan ($7,476) a tonne.
At the Multi Commodity Exchange, copper for delivery in April next year declined by Rs 1.40, or 0.34%, to Rs 406.40 per kg in a business turnover of 2 lots.
The metal for delivery in February fell by Re 1, or 0.25%, to Rs 402.90 per kg in a business volume of 2 lots.
Also Read
Analysts said a weakening trend in select base metals at the London Metal Exchange (LME) and subdued demand at domestic spot markets mainly put pressure on copper prices at futures trade here.
Globally, copper for delivery in three-months traded 0.3% lower at $6,453.75 per tonne at the LME, while in Shanghai the metal for February delivery rose 0.4% to 45,990 yuan ($7,476) a tonne.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*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
SAVE 25%