 "Copper falls 0.5% as global trend weakens")
Copper futures fell 0.52% to Rs 384.10 per kg today as speculators trimmed positions amid a weak trend in global markets.
At Multi Commodity Exchange, copper for delivery in August declined Rs 2, or 0.52%, to Rs 384.10 per kg in a business turnover of 20 lots.
The metal for delivery in June fell Rs 2.05, or 0.51%, to Rs 378.75 per kg in a business volume of 103 lots.
Meanwhile, copper has lost more than 9% since reaching a 2015 high last month amid concern that demand is cooling in China, the world's largest user.
The country's exports fell for the third month in May and inflation slowed to the least since January, data showed last week, indicating there's room for further stimulus to spur an economy that grew the least in six years last quarter.
Globally, copper for delivery in three months traded 0.4% lower at $5,886.50 per tonne at LME.
At Multi Commodity Exchange, copper for delivery in August declined Rs 2, or 0.52%, to Rs 384.10 per kg in a business turnover of 20 lots.
The metal for delivery in June fell Rs 2.05, or 0.51%, to Rs 378.75 per kg in a business volume of 103 lots.
Also Read
Analysts said a weakening trend in base metals at the London Metal Exchange (LME) amid speculation that China needs further steps to revive economic growth mainly weighed.
Meanwhile, copper has lost more than 9% since reaching a 2015 high last month amid concern that demand is cooling in China, the world's largest user.
The country's exports fell for the third month in May and inflation slowed to the least since January, data showed last week, indicating there's room for further stimulus to spur an economy that grew the least in six years last quarter.
Globally, copper for delivery in three months traded 0.4% lower at $5,886.50 per tonne at LME.