Copper futures slip 0.57 per cent

Copper futures traded 0.57 per cent lower at Rs 359.20 today as speculators reduced their positions amid low demand at domestic spot markets.

At the Multi Commodity Exchange, copper for delivery in April fell by Rs 2.05, or 0.57 per cent to Rs 359.20 per kg, in a business turnover of 1,274 lots.

Similarly, the metal for delivery in far-month June was down by Rs 1.85, or 0.51 per cent, at Rs 363.35 per kg in 54 lots.

Analysts attributed the fall in copper futures to weak cues from the domestic physical markets due to slackened demand from consuming industries.