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Copper down 0.3% on global cues

Metal for delivery in February last year shed 0.22%

Press Trust of India New Delhi
Tracking a weak global trend, copper prices fell by 0.3% to Rs 454.90 per kg in futures trading today.
 
At the Multi Commodity Exchange, copper for delivery in November declined by Rs 1.35 or 0.30% to Rs 454.90 per kg in business turnover of 2,169 lots.
 
Likewise, the metal for delivery in February last year shed Rs 1.05, or 0.22%, to Rs 465.70 per kg in 40 lots.
 
Market analysts attributed the fall in copper futures to speculators offloading their positions and tracking a weak global trend as the partial government shutdown in the US and standoff over the debt limit weakened the outlook for demand in the world's second-biggest user.
 
 
Meanwhile, copper for delivery in three months lost 0.2% to $7,228 a tonne on the London Metal Exchange. 

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First Published: Oct 09 2013 | 12:09 PM IST

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