Copper futures shed 0.19% on low muted spot demand

Copper futures fell 0.19 per cent to Rs 333.70 per kg today as speculators trimmed positions amid a weak trend at the spot markets on low demand even as metal strengthened overseas.
At the Multi Commodity Exchange, copper for delivery in February 2017 declined by 65 paise, or 0.19 per cent, to Rs 333.70 per kg, in a business turnover of 16 lots.
The metal for delivery in November fell 60 paise, or 0.18 per cent, to Rs 327.95 per kg, in a business volume of 113 lots.
Analysts said a weakening trend at the domestic spot markets due to slackened demand from consuming industries mainly kept pressure on copper futures but gains in base metals at the London Metal Exchange (LME) amid signs of stabilisation of China's economy.

Globally, copper for delivery in three months rose 0.3 per cent to USD 4,880 per tonne at the LME.