Copper futures traded 0.26 per cent lower at Rs 438.15 today as speculators cut down their positions at prevailing levels amid a weak trend overseas.
In futures trading at Multi Commodity Exchange, copper for delivery in November fell Rs 1.15 paise, or 0.26 per cent at Rs 438.15 per kg, in a business turnover of 1,548 lots.
Similarly, the metal for February next year was trading down Rs 1.10, or 0.25 per cent at Rs 444.30 per kg in 228 lots.
Analysts attributed the fall in copper futures to trimming of positions coupled with weak trend in base metals at the London Metal Exchange (LME) amid investor worries over a recent spate of data that showed China's economy cooled in October.
Meanwhile, copper for three-month delivery fell 0.3 per cent to USD 6,753 per tonne at the LME.
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