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Copper marginally down on subdued demand

Weak trend in overseas markets fuelled the downtrend in copper here

Press Trust of India New Delhi
Last Updated : Feb 12 2013 | 2:15 PM IST
Copper futures for April traded lower by 40 paise, or 0.09%, to Rs 448.80 per kg in 1,190 lots.

At the Multi Commodity Exchange (MCX), the February contract shed 35 paise, or 0.08%, to Rs 443.65 per kg in 11,176 lots.

Prices dropped as speculators reduced positions, driven by sluggish spot demand.

Weak trend in overseas markets fuelled the downtrend in copper here.

On the London Metal Exchange (LME), copper fell less than 0.1% to $8,193 a tonne.

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First Published: Feb 12 2013 | 2:14 PM IST

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