Business Standard

Copper falls 0.8% on weak global cues

Weaker demand from Chinda, largest user, affected the trade globally

Press Trust of India New Delhi
Copper futures for August fell Rs 3.05, or 0.75%, to Rs 405.70 per kg in 605 lots.     

At the Multi Commodity Exchange (MCX), the June contract traded lower by Rs 2.85, or 0.71%, to Rs 401.10 per kg in 11,587 lots.

Copper Prices fell as speculators offloaded their positions.

Weak global cues as a larger-than-expected retreat in China's producer prices that indicated weaker demand from the largest user affected copper futures globally.

On the London Metal Exchange (LME), copper fell 1.2% to $7,330 a tonne.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 09 2013 | 2:35 PM IST

Explore News