Copper futures drop on weak demand
On Multi Commodity Exchange, copper contracts for March delivery eased by Rs 5.20 to Rs 670 per kg.
By PTI |
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NEW DELHI: Copper futures on Monday slipped 0.77 per cent to Rs 670 per kg as participants cut their positions amid muted demand in domestic market.
On the Multi Commodity Exchange, copper contracts for March delivery eased by Rs 5.20, or 0.77 per cent, to Rs 670 per kg in a business turnover of 2,283 lots.
Analysts said trimming of positions by speculators due to muted demand in spot market mainly led to the fall in copper prices here.
On the Multi Commodity Exchange, copper contracts for March delivery eased by Rs 5.20, or 0.77 per cent, to Rs 670 per kg in a business turnover of 2,283 lots.
Analysts said trimming of positions by speculators due to muted demand in spot market mainly led to the fall in copper prices here.
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