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Copper marginally down on weak global cues

Prices came dwon as speculators offloaded their positions

Press Trust of India New Delhi
Tracking a weak global trend, copper prices fell marginally by 0.10% to Rs 401.25 per kg in futures trade today as speculators offloaded their positions.

At the Multi Commodity Exchange (MCX), the August contract fell 40 paise, or 0.10%, to Rs 401.25 per kg in 1,187 lots.

The June contract traded lower by 15 paise, or 0.05%, to Rs 397.20 per kg in 16,523 lots.

Analysts attributed the fall in copper futures to weak global cues on concerns that demand from China, the US and Germany, the largest users, is weakening.

Meanwhile, copper for delivery in three months fell 0.60% to $7,155 a tonne on the London Metal Exchange (LME).

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First Published: May 16 2013 | 2:16 PM IST

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