Sunday, December 28, 2025 | 07:21 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Copper falls more than 1% on global cues

Subdued domestic demand affected the trade

Press Trust of India New Delhi
Copper futures for April fell by Rs 5.50, or 1.36%, to Rs 399 per kg in 30,989 lots.     

At the Multi Commodity Exchange (MCX), the June contract traded lower by Rs 5.45, or 1.32%, to Rs 406 per kg in 2,913 lots.

Prices fell as speculators reduced their positions.

Amid weak global cues and subdued domestic demand,

Weakening overseas trend as data from China missed economists' forecasts that raised concern that demand from the biggest user is faltering has a negative impact on the trade.

Besides, subdued spot market demand also put pressure on the trade.

On the London Metal Exchange (LME), the three-month contract fell as much as 1.1% to $7,323 per tonne, lowest since August 3.
 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Apr 15 2013 | 2:38 PM IST

Explore News