Saturday, December 06, 2025 | 09:19 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Copper futures fall 0.42% on weak global cues

Image

Press Trust of India New Delhi
Tracking a weak global trend, copper prices were down 0.42 per cent to Rs 334.60 per kg in futures trade today as speculators offloaded bets.

Besides, subdued demand from consuming industries at domestic spot market fuelled the downtrend.

At the Multi Commodity Exchange, copper for delivery in August fell Rs 1.40, or 0.42 per cent to Rs 334.60 per kg in business turnover of 25,366 lots.

Similarly, metal for delivery in far-month November traded lower by Rs 1.30, or 0.38 per cent to Rs 340.20 per kg in 1,489 lots.

Analysts attributed the fall to a weak global trend after Chinese manufacturing gauge fell to the lowest in more than six years, underscoring the threat to metals demand in the world's biggest consumer.
 

Meanwhile, copper for delivery in three months fell 1.6 per cent to USD 5,035 a metric tonne on the London Metal Exchange.

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

First Published: Aug 21 2015 | 5:22 PM IST

Explore News