Copper futures fall 0.36% on weak global cues

Tracking a weak global trend, copper futures traded 0.36 per cent lower at Rs 332.80 per kg today as speculators offloaded positions.
Furthermore, subdued demand at domestic spot market pushed down metal prices.
At Multi Commodity Exchange, copper for delivery in November shed Rs 1.20, or 0.36 per cent, to Rs 332.80 per kg in business turnover of 439 lots.
Also, metal for delivery in far-month February next year contracts was trading Rs 1.15,or 0.34 per cent down at Rs 338.95 per kg in six lots.
Analysts attributed the fall in copper futures to weak trend at the London Metal Exchange (LME) where it fell for the sixth day, set for the worst run since January, as metals retreated amid a commodity and equity rout.

Meanwhile, copper dropped 0.7 per cent to almost one month low of USD 4,930 per tonne at the LME, while at Shanghai Futures Exchange, metal for November delivery dropped 1.2 per cent to 37,840 yuan (USD 5,946) per tonne.