Business Standard

Copper futures shed 1.06 pc as participants trim position

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Press Trust of India New Delhi
Copper futures fell 1.06 per cent to Rs 372.50 per kg today as speculators trimmed positions amid low demand at the domestic spot markets.

At the Multi Commodity Exchange, copper for delivery in far-month April 2017 contract declined by Rs 4, or 1.06 per cent, to Rs 372.50 per kg in a business turnover of 73 lots.

The metal for delivery in February fell Rs 3.90, or 1.05 per cent, to Rs 369 per kg in a business volume of 1,205 lots.

Analysts said a weakening trend in base metals at the domestic spot markets due to slackened demand form consuming industries led to the fall in copper prices at futures trade here.

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First Published: Dec 26 2016 | 11:42 AM IST

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