Copper down by 0.4% on weak global cues
Speculators reduced their positions amid weak global cues
 "Copper down by 0.4% on weak global cues")
Copper futures traded 0.36% lower at Rs 315.45 today on speculators reducing their positions amid weak global cues.
At Multi Commodity Exchange, copper for delivery in far-month April fell Rs 1.15, or 0.36%, at Rs 315.45 per kg, in a business turnover of 31 lots.
Similarly, the metal for delivery in February was down Re one, or 0.32%, at Rs 311.25 per kg in 1,386 lots.
Analysts attributed the fall in copper futures to weak cues from global market as Barclays Plc said it expects Chinese demand to grow at its slowest pace since 1998.
Meanwhile, copper used in power infrastructure and home appliances, retreated from three-week highs by dropping 0.8% to $4,552 per tonne on the London Metal Exchange.
At Multi Commodity Exchange, copper for delivery in far-month April fell Rs 1.15, or 0.36%, at Rs 315.45 per kg, in a business turnover of 31 lots.
Similarly, the metal for delivery in February was down Re one, or 0.32%, at Rs 311.25 per kg in 1,386 lots.
Analysts attributed the fall in copper futures to weak cues from global market as Barclays Plc said it expects Chinese demand to grow at its slowest pace since 1998.
Meanwhile, copper used in power infrastructure and home appliances, retreated from three-week highs by dropping 0.8% to $4,552 per tonne on the London Metal Exchange.
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First Published: Jan 28 2016 | 11:13 AM IST