Copper declines on rising stockpiles
14/01/2015 16:27
Copper prices fell by 0.57 per cent on Wednesday at the domestic markets due to the surge in the copper stockpiles at the London Metal Exchange (LME) on account of the weak demand for the commodity. LME copper stocks rose by 2675 metric tonnes to 194000 metric tonnes as on January 14, 2015. At the MCX, copper futures for February 2015 contract were trading at Rs.389.40 per 1 kg, down by 0.57 per cent, after opening at Rs. 391.70 against the previous closing price of Rs. 391.65. It touched the intra-day low of Rs. 388.75 till the trading. (At 4.20 PM today).
14/01/2015 16:27
Copper prices fell by 0.57 per cent on Wednesday at the domestic markets due to the surge in the copper stockpiles at the London Metal Exchange (LME) on account of the weak demand for the commodity. LME copper stocks rose by 2675 metric tonnes to 194000 metric tonnes as on January 14, 2015. At the MCX, copper futures for February 2015 contract were trading at Rs.389.40 per 1 kg, down by 0.57 per cent, after opening at Rs. 391.70 against the previous closing price of Rs. 391.65. It touched the intra-day low of Rs. 388.75 till the trading. (At 4.20 PM today).
