Copper eases by 0.1%

Copper futures traded 0.10% lower at Rs 309.85 today as speculators reduced their positions even as metal strengthened overseas.

At Multi Commodity Exchange, copper for delivery in February fell 25 paise, or 0.10% at Rs 309.85 per kg, in a business turnover of 1,137 lots.

The metal for delivery in far-month April also fell by a similar margin to trade at Rs 314.30 per kg in 39 lots.

Analysts attributed the fall in copper futures offlaoding of positions by speculators but metal's strength at the London Metal Exchange (LME), capped the losses.

Globally, copper for three month delivery climbed as much as 0.6% to $4,557 per tonne at the LME.