 "Copper falls by 0.1% on global cues")
Copper prices fell by 0.12% to Rs 384.40 per kg in futures trade today as speculators trimmed positions amid weak global cues.
Besides, low demand at domestic spot markets put pressure on prices.
At the Multi Commodity Exchange, copper for delivery in April fell by 45 paise or 0.12%, to Rs 384.40 per kg in business turnover of 868 lots.
Market analysts said trimming of positions by speculators, tracking a weak trend in base metals overseas on a weakening demand outlook in China, mainly kept pressure on copper prices in futures trade.
Meanwhile, copper for delivery in three month at the London Metal Exchange was little changed at $6,080 per tonne, while in Shanghai, copper for June delivery retreated 0.4% to 43,670 yuan a tonne.
Besides, low demand at domestic spot markets put pressure on prices.
At the Multi Commodity Exchange, copper for delivery in April fell by 45 paise or 0.12%, to Rs 384.40 per kg in business turnover of 868 lots.
Also Read
Similarly, the metal for delivery in June traded lower by 40 paise, or 0.10%, to Rs 389.20 per kg in 17 lots.
Market analysts said trimming of positions by speculators, tracking a weak trend in base metals overseas on a weakening demand outlook in China, mainly kept pressure on copper prices in futures trade.
Meanwhile, copper for delivery in three month at the London Metal Exchange was little changed at $6,080 per tonne, while in Shanghai, copper for June delivery retreated 0.4% to 43,670 yuan 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%