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Copper futures fall 0.19% as trend weakens

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Press Trust of India New Delhi
Last Updated : Mar 15 2016 | 10:57 AM IST
Taking weak cues from global market, copper futures traded 0.19 per cent lower at Rs 334.40 per kg today as speculators offloaded bets.
Furthermore, subdued demand at domestic spot market pushed down metal prices.
At the Multi Commodity Exchange, copper for delivery in April shed 65 paise, or 0.19 per cent, to Rs 334.40 per kg, in a business turnover of 1,040 lots.
Also, metal for delivery in far-month June was trading down 40 paise, or 0.18 per cent, at Rs 338.85 per kg in 19 lots.
Analysts attributed the fall to a mixed trend in base metals at the London Metal Exchange (LME) as investors weighed growth slowdown in China, the world's biggest commodities consumer, against possible stimulus action from the central government.
Meanwhile, copper dropped 0.2 per cent at the LME.

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First Published: Mar 15 2016 | 10:57 AM IST

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