Copper futures fall on weak global cues, subdued demand

Copper futures fell by 1.26 per cent to Rs 387.50 per kg as speculators reduced positions amidst weak global cues.
At the Multi Commodity Exchange, copper for delivery in April fell by Rs 4.95, or 1.26 per cent, to Rs 387.50 per kg in a business turnover of 1,793 lots.
Similarly, the metal for delivery in June was down by Rs 4.90, or 1.23 per cent, to Rs 392.10 per kg in 44 lots.
Analysts attributed the fall in copper futures to weak trend at the London Metal Exchange (LME) where the metal fell from over two-month highs as mines resumed operations after flooding in Chile, the world's largest producer, and as industrial profits extended declines in China, the biggest consumer.

Moreover, subdued demand in the spot markets also put pressure on the prices of the metal, they said.
Meanwhile, copper for delivery in three months at the LME dropped as much as 1.4 per cent to USD 6,087 per tonne.