 "Copper falls by 0.2% on weak global cues")
Copper futures fell 0.20% to Rs 371.20 per kg today as speculators trimmed their positions amid weak trend in global markets.
Moreover, subdued demand at domestic spot markets also put pressure on prices.
At the Multi Commodity Exchange, copper for delivery in April declined by 75 paise or 0.20% to Rs 371.20 per kg in a business turnover of 496 lots.
Analysts said a weak trend in copper and other industrial metals after a gauge of manufacturing strength slid to a 12-month low in China, the world's biggest consumer and low demand from consuming industries at domestic spot markets, mainly weighed on metal prices at futures trade here.
Globally, copper for delivery in three-months little changed at $5,910 per tonne at the London Metal Exchange, while the metal for June in Shanghai fell 0.70% to 42,990 yuan ($6,936) per tonne.
Moreover, subdued demand at domestic spot markets also put pressure on prices.
At the Multi Commodity Exchange, copper for delivery in April declined by 75 paise or 0.20% to Rs 371.20 per kg in a business turnover of 496 lots.
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The metal for delivery in far-month June fell by 60 paise or 0.16% to Rs 377.30 per kg in a business volume of 28 lots.
Analysts said a weak trend in copper and other industrial metals after a gauge of manufacturing strength slid to a 12-month low in China, the world's biggest consumer and low demand from consuming industries at domestic spot markets, mainly weighed on metal prices at futures trade here.
Globally, copper for delivery in three-months little changed at $5,910 per tonne at the London Metal Exchange, while the metal for June in Shanghai fell 0.70% to 42,990 yuan ($6,936) per tonne.
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