Copper dips on weak demand prospects
09/12/2014 11:43
Copper prices fell by 0.29 per cent on Tuesday at the domestic markets after the data showed that Japan's economy dropped by an annualized 1.9 percent in the Q3, beyond the preliminary forecast of decline by 1.6 percent signaling weak sentiment in the region which reduced the demand outlook for the metal. At the MCX, copper futures for February 2015 contract were trading at Rs.398.60 per 1 kg, down by 0.29 per cent, after opening at Rs. 399.25 against the previous closing price of Rs. 399.75. It touched the intra-day low of Rs. 398.40 till the trading. (At 11.43 AM today).
09/12/2014 11:43
Copper prices fell by 0.29 per cent on Tuesday at the domestic markets after the data showed that Japan's economy dropped by an annualized 1.9 percent in the Q3, beyond the preliminary forecast of decline by 1.6 percent signaling weak sentiment in the region which reduced the demand outlook for the metal. At the MCX, copper futures for February 2015 contract were trading at Rs.398.60 per 1 kg, down by 0.29 per cent, after opening at Rs. 399.25 against the previous closing price of Rs. 399.75. It touched the intra-day low of Rs. 398.40 till the trading. (At 11.43 AM today).
