Copper futures ease 0.34% on profit-booking

Copper futures traded 0.34 per cent lower at Rs 365.05 today as speculators trimmed their positions at prevailing levels even as metal strengthened overseas.
In futures trading at the Multi Commodity Exchange, copper for delivery in current month fell Rs 1.25, or 0.34 per cent, at Rs 365.05 per kg, in a business turnover of 642 lots.
The metal for delivery in far-month June fell by Rs 1.05, or 0.28 per cent, to trade at Rs 369.40 per kg in 56 lots.
Analysts attributed the fall in copper futures to profit-booking by speculators who trimmed their positions at existing levels but metal's strength at the London Metal Exchange (LME), capped the losses.