Weak global demand outlook drags down Copper futures
12/01/2015 16:16
Copper prices fell by 0.22 per cent on Monday at the domestic markets on speculation that demand growth my falter in the midst of signs of uneven economic growth in the US, Germany and China. At the MCX, copper futures for February 2015 contract were trading at Rs.381.30 per 1 kg, down by 0.22 per cent, after opening at Rs. 381.05 against the previous closing price of Rs. 382.15. It touched the intra-day low of Rs. 379.95 till the trading. (At 4.00 PM today).
However, losses were curbed due to the decline in the copper stockpiles at the London Metal Exchange (LME) on account of the strong demand for the commodity. LME copper stocks fell by 75 metric tonnes to 187400 metric tonnes as on Jan 12, 2015
12/01/2015 16:16
Copper prices fell by 0.22 per cent on Monday at the domestic markets on speculation that demand growth my falter in the midst of signs of uneven economic growth in the US, Germany and China. At the MCX, copper futures for February 2015 contract were trading at Rs.381.30 per 1 kg, down by 0.22 per cent, after opening at Rs. 381.05 against the previous closing price of Rs. 382.15. It touched the intra-day low of Rs. 379.95 till the trading. (At 4.00 PM today).
However, losses were curbed due to the decline in the copper stockpiles at the London Metal Exchange (LME) on account of the strong demand for the commodity. LME copper stocks fell by 75 metric tonnes to 187400 metric tonnes as on Jan 12, 2015
