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Copper futures remain weak, shed 0.43% on global cues

Press Trust of India  |  New Delhi 

prices fell further by 0.43 per cent to Rs 443.40 per kg in futures market today as speculators trimmed their positions, tracking a weak trend overseas.

Sluggish demand in the domestic spot market also weighed on prices.

At the Multi Commodity Exchange, for delivery in April month fell by Rs 1.90, or 0.43 per cent to Rs 443.40 per kg in business turnover of 1,921 lots.

On similar lines, the for delivery in June contracts were trading lower by Rs 1.65, or 0.37 per cent to Rs 447.50 per kg in 26 lots.

Analysts said offloading of positions by participants in line with a weak trend overseas mainly kept prices down in futures trade.

Globally, copper for delivery in three month shed 1.7 per cent to close at USD 6,835 a tonne on the London Exchange in yesterday's trade.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, March 09 2018. 10:50 IST