 "Copper sheds 0.13% on profit-taking, Asian cues")
Copper futures prices today declined by 0.13 per cent to Rs 458.10 per kg as speculators reduced their positions amid a weak trend in Asian trade.
At the Multi Commodity Exchange, copper for delivery in the far-month February eased by 60 paise, or 0.13 per cent, to Rs 458.10 per kg in business turnover of 735 lots.
The January contract lost 40, or 0.09 per cent, to Rs 464.15 per kg in 22 lots.
Globally, copper for delivery in March on the Shanghai Futures Exchange fell 0.4 per cent to 51,190 yuan ($8,431) a tonne, while at the LME it traded little changed at $7,230 a tonne.
At the Multi Commodity Exchange, copper for delivery in the far-month February eased by 60 paise, or 0.13 per cent, to Rs 458.10 per kg in business turnover of 735 lots.
The January contract lost 40, or 0.09 per cent, to Rs 464.15 per kg in 22 lots.
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Analysts attributed the decline in copper futures prices to profit-booking by speculators amid metal's weakness in Asian trade, besides profit-taking.
Globally, copper for delivery in March on the Shanghai Futures Exchange fell 0.4 per cent to 51,190 yuan ($8,431) a tonne, while at the LME it traded little changed at $7,230 a tonne.