Copper futures slid 0.46 pc on weak demand

Copper prices moved down by 0.46 per cent to Rs 315.80 per kg in futures trade today as speculators cut down their bets amid subdued demand at spot markets.
Copper for delivery in November shed Rs 1.45, or 0.46 per cent, to Rs 315.80 per kg, in a business turnover of 1,612 lots at the Multi Commodity Exchange.
Likewise, the metal for delivery in February next year traded lower by Rs 1.40, or 0.43 per cent, to Rs 322.55 per kg in 33 lots.
Analysts said copper prices fell in line with a weak trend in industrial metals following sluggish demand from consuming industries at the domestic spot markets, but a firming trend overseas, restricted the losses.