Copper futures shed 0.45% as participants trim position
Besides, muted demand from consuming industries at the spot market, too weighed on prices.
At the Multi Commodity Exchange, copper for delivery in far-month April 2017 declined by Rs 1.70, or 0.45 per cent, to Rs 377.40 per kg, in a business turnover of nine lots.
The metal for delivery in February fell Rs 1.45, or 0.39 per cent, to Rs 373.85 per kg, in a business volume of 623 lots.
Analysts said a weakening trend in select base metals in global market amid low demand at the spot markets, mainly weighed on copper prices in futures trade.
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