 "Copper sheds 0.3% on muted demand")
Amid subdued domestic demand, copper prices fell by 0.35% to Rs 355.900 per kg in futures trade today as traders reduced positions.
Analysts attributed the fall in copper futures to a weak trend at the domestic spot markets due to low demand and weak global cues after trade data showed export and imports contracting.
China's exports fell 6.1% year-on-year to 1.20 trillion yuan (around $188 billion) in August, Customs said, the latest batch of data showing weakness in the world's second-largest economy.
The metal for delivery in November shed Rs 1.10 or 0.31% to trade at Rs 350.25 per kg in a turnover of 428 lots.
Globally, for three-month delivery on the London Metal Exchange, copper traded little changed at $5,148 per tonne.
Analysts attributed the fall in copper futures to a weak trend at the domestic spot markets due to low demand and weak global cues after trade data showed export and imports contracting.
China's exports fell 6.1% year-on-year to 1.20 trillion yuan (around $188 billion) in August, Customs said, the latest batch of data showing weakness in the world's second-largest economy.
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At the Multi Commodity Exchange, copper for delivery in far-month February next year fell Rs 1.25 or 0.35% to Rs 355.90 per kg in business turnover of eight lots.
The metal for delivery in November shed Rs 1.10 or 0.31% to trade at Rs 350.25 per kg in a turnover of 428 lots.
Globally, for three-month delivery on the London Metal Exchange, copper traded little changed at $5,148 per tonne.