Copper falls by 0.4% as global trend weakens

Copper futures fell 0.41% to Rs 316.95 per kg today as speculators trimmed positions amid a weak trend in global markets.

At Multi Commodity Exchange, copper for delivery in November declined Rs 1.30, or 0.41%, to Rs 316.95 per kg in a business turnover of 1,596 lots.

The metal for delivery in February next year fell 90 paise, or 0.28%, to Rs 324.15 per kg in a business volume of 124 lots.

Analysts said a weakening trend in base metals at the London Metal Exchange (LME) amid concern that demand is weakening in China, the world's biggest user.

Globally, copper for delivery in three months traded loewr at $4,816.50 per tonne at LME from $4,823.50.