Copper futures fall 0.10 per cent on global cues; low demand
At the Multi Commodity Exchange, copper for delivery in August shed 40 paise, or 0.10 per cent, to Rs 402.90 per kg in business turnover of 49 lots.
By PTI | Updated:
NEW DELHI: Amid a weak trend in global markets and subdued spot demand, copper prices fell marginally to Rs 402.90 per kg in futures trade today.
At the Multi Commodity Exchange, copper for delivery in August shed 40 paise, or 0.10 per cent, to Rs 402.90 per kg in business turnover of 49 lots.
The metal for delivery in June traded lower by 15 paise, or 0.04 per cent, to Rs 399.50 per kg in 1,353 lots.
Analysts attributed fall in copper futures to weak global cues amid concern that a warehousing probe at China's Qingdao port will curb demand for the metal.
Globally, copper for delivery in three months fell 0.4 per cent, to USD 6,665 a tonne on the London Metal Exchange and metal for delivery in August slid 0.6 per cent to 47,570 yuan (USD 7,638) a tonne on the Shanghai Futures Exchange.
At the Multi Commodity Exchange, copper for delivery in August shed 40 paise, or 0.10 per cent, to Rs 402.90 per kg in business turnover of 49 lots.
The metal for delivery in June traded lower by 15 paise, or 0.04 per cent, to Rs 399.50 per kg in 1,353 lots.
Analysts attributed fall in copper futures to weak global cues amid concern that a warehousing probe at China's Qingdao port will curb demand for the metal.
Globally, copper for delivery in three months fell 0.4 per cent, to USD 6,665 a tonne on the London Metal Exchange and metal for delivery in August slid 0.6 per cent to 47,570 yuan (USD 7,638) a tonne on the Shanghai Futures Exchange.
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