Copper falls by 0.6% as trend weakens

Taking weak cues from global market, copper futures traded 0.56% lower at Rs 327.35 per kg today as speculators offloaded bets.

Furthermore, subdued demand at domestic spot market pushed down metal prices.

At Multi Commodity Exchange, copper for delivery in November shed Rs 1.85, or 0.56%, to Rs 327.35 per kg in a business turnover of 802 lots.

Also, metal for delivery in far-month February contract was trading down Rs 1.85, or 0.55%, at Rs 335.55 per kg in 65 lots.

Analysts attributed the fall to weakness in base metals at the London Metal Exchange (LME) after Chinese inflation data were weaker than expected, deepening concern about a slowdown in the world's biggest consumer.
 
Meanwhile, copper dropped 0.5% at the LME.