 "Copper falls 1.4% on weak global cues, low demand")
Copper futures fell 1.41 per cent to Rs 307.20 per kg today as speculators trimmed positions amid a 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 February declined by Rs 4.40, or 1.41 per cent, to Rs 307.20 per kg in a business turnover of 433 lots.
Analysts said a weak trend in most industrial metals at the London Metal Exchange (LME) as China's official factory gauge signaled conditions deteriorated for a sixth month, indicating weaker demand in the world's biggest commodity consumer, mainly weighed on metal prices here.
Moreover, subdued demand at domestic spot markets also put pressure on prices.
At the Multi Commodity Exchange, copper for delivery in February declined by Rs 4.40, or 1.41 per cent, to Rs 307.20 per kg in a business turnover of 433 lots.
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The metal for delivery in far-month April fell Rs 4.05, or 1.28 per cent, to Rs 312 per kg in a business volume of 31 lots.
Analysts said a weak trend in most industrial metals at the London Metal Exchange (LME) as China's official factory gauge signaled conditions deteriorated for a sixth month, indicating weaker demand in the world's biggest commodity consumer, mainly weighed on metal prices here.
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