Wednesday, March 05, 2025 | 09:25 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Copper weakens 0.4% on global cues

Prices dropped as speculators trimmed their positions

Press Trust of India New Delhi
Copper futures for April declined by Rs 1.70, or 0.39%, to Rs 429.85 per kg in 2,795 lots.

At the Multi Commodity Exchange (MCX), the metal June contract fell by Rs 1.65, or 0.38%, to Rs 434.70 per kg in 147 lots.

Prices dropped as speculators trimmed their positions.

Subdued trend at the London Metal Exchange (LME) as Chinese manufacturing index retreated for the second month, signalling the economic recovery in the largest user may be losing steam.

Meanwhile, the three-months' contract traded 0.20% lower at $7,803.25 per tonne on the LME.

While, the June contract on the Shanghai Futures Exchange (SFEX) declined 1.1% to 57,020 yuan ($9,163) a tonne.

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

First Published: Mar 01 2013 | 2:20 PM IST

Explore News