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Copper falls 0.2% on weak global cues

Prices fell as speculators offloaded their positions

Press Trust of India New Delhi
Copper futures for August fell Rs 2.85, or 0.21%, to Rs 406.40 per kg in 339 lots.

At the Multi Commodity Exchange (MCX), the June contract traded lower by 60 paise, or 0.15%, to Rs 402 per kg in 5,370 lots.

Prices fell as speculators offloaded their positions.

On the London Metal Exchange (LME), copper fell 1.1% to $7,275.25 a tonne on demand concerns on speculation that inflation may accelerate in China, curbing further stimulus.

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First Published: May 10 2013 | 2:32 PM IST

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