 "Copper falls by 0.8% on weak global cues")
Copper futures fell 0.80% to Rs 353 per kg today as speculators booked profits amid a weak trend in global markets.
Besides, subdued demand at domestic spot markets, also put pressure on prices.
At the Multi Commodity Exchange, copper for delivery in February declined by Rs 2.85, or 0.80%, to Rs 353 per kg in a business turnover of 727 lots.
Analysts said apart from a weak trend in copper overseas, profit-booking and subdued demand at domestic spot markets, mainly weighed on metal prices at futures trade here.
Globally, copper for delivery in three-months traded 0.3% lower at $5,676 per tonne at the London Metal Exchange, while in Shanghai, metal for the March month was little changed at 41,310 yuan ($6,646) a tonne.
Besides, subdued demand at domestic spot markets, also put pressure on prices.
At the Multi Commodity Exchange, copper for delivery in February declined by Rs 2.85, or 0.80%, to Rs 353 per kg in a business turnover of 727 lots.
Also Read
The metal for delivery in far-month April fell by Rs 2.45, or 0.68%, to Rs 357.70 per kg in a business volume of 9 lots.
Analysts said apart from a weak trend in copper overseas, profit-booking and subdued demand at domestic spot markets, mainly weighed on metal prices at futures trade here.
Globally, copper for delivery in three-months traded 0.3% lower at $5,676 per tonne at the London Metal Exchange, while in Shanghai, metal for the March month was little changed at 41,310 yuan ($6,646) 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%