Copper futures fall 0.74% on global cues

Copper prices traded lower by 0.74 per cent to Rs 400.30 per kg in futures trading today as speculators reduced positions amid a weak global trend.

Further, low demand from consuming industries fuelled the downtrend.

At the Multi Commodity Exchange, copper for delivery in February eased by Rs 3, or 0.74 per cent, to Rs 400.30 per kg in a business turnover of 11,425 lots.

The metal for delivery in April traded lower by Rs 2.95, or 0.72 per cent, to Rs 404.30 per kg in 175 lots.

Analysts attributed the fall in copper futures to a weak global trend amid signs of an economic slowdown this year in China, the world's largest consumer of metals.
 

Meanwhile, copper for delivery in three months fell 0.6 per cent to USD 6,289.50 a metric tonne on the London Metal Exchange.