Business Standard

Copper falls 0.5% on global trend

Prices fell as speculators reduced their positions

Press Trust of India New Delhi
Copper futures for April traded Rs 1.35, or 0.45% lower, at Rs 380.95 per kg in 1,957 lots.     

At the Multi Commodity Exchange (MCX), the May contract shed Rs 1.40, or 0.36%, to Rs 390.15 per kg in 868 lots.

Prices fell as speculators reduced their positions amid subdued domestic demand.

Weakening overseas trend amid concern that lower-than-forecast growth in the US and China, the world's biggest consumers of the metal, would damp demand.

On the London Metal Exchange (LME), the three-month contract fell as much as 0.70% to $6,980 per tonne.

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First Published: Apr 29 2013 | 2:06 PM IST

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