Copper weakens in futures trade on profit-booking

Copper prices traded marginally down by Rs 0.30 to Rs 362.80 per kg in futures market today, as speculators booked profits, supported by a weakening trend at spot market.

At the Multi Commodity Exchange platform, copper for February month shed Rs 0.30, or 0.08 per cent, to Rs 362.80 per kg in business turnover of three lots.

Similarly, the metal for delivery in November also traded lower by the same margin to Rs 360.90 per kg in volume of business of 12 lots.

Analysts said besides profit-booking by speculators, weak trend at spot market on subdued demand mainly led to a decline in copper prices at futures trade.