Copper remained weak and traded lower by 0.25% at Rs 417.15 per kg in futures trade today amid a weak trend at the London Metal Exchange (LME) on demand worries.
At the Multi Commodity Exchange, copper for delivery in August eased by Rs 1.05, or 0.25% to Rs 417.15 per kg, with a business volume of one lot.
It had ended 1.47% higher at Rs 423.150 per kg in the previous session. Similarly, the metal for delivery in June shed 90 paise, or 0.22% to Rs 411.65 per kg, with a trade volume of six lots.
Market analysts said offloading of positions by speculators to book profits amid a weak trend at the LME on concern that policy tightening in China may curb demand, mainly led to the decline in copper futures prices here.
Meanwhile, copper for three-month delivery was trading 0.7% lower at $9,061 a tonne in early trade today at the LME, while at Shanghai, the metal tumbled 1.6%a to 66,850 yuan ($10,299) per tonne, its lowest level this year.
