Copper futures shed 0.45 pc on muted spot demand

Copper futures fell 0.45 per cent to Rs 430.50 per kg today as speculators trimmed positions amid a weak trend at the spot markets on low demand.
At the Multi Commodity Exchange, copper for delivery in February declined by Rs 1.95, or 0.45 per cent, to Rs 430.50 per kg, in a business turnover of 8 lots.
The metal for delivery in November fell Rs 1.65, or 0.39 per cent, to Rs 426.30 per kg, in a business volume of 949 lots.
Analysts said a weakening trend at the domestic spot markets due to slackened demand from consuming industries and profit-booking at existing levels mainly kept pressure on copper futures.