Copper futures shed 0.60% on weak spot demand
11/12/2017
Copper futures shed 0.60% on weak spot demand
11/12/2017 12:20
Copper futures were trading lower in the domestic market on Monday as speculators trimmed positions amid low demand at the domestic spot markets.
Analysts said a weakening trend in base metals at the domestic spot markets due to slackened demand from consuming industries led to the fall in copper prices at futures trade here.
At the MCX, copper futures for February 2018 contract was trading at Rs 425.25 per kg, down by 0.60 per cent, after opening at Rs 426.95, against a previous close of Rs 427.80. It touched the intra-day low of Rs 424.90 (at 12:20 hours).
11/12/2017
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Copper futures shed 0.60% on weak spot demand
11/12/2017 12:20
Copper futures were trading lower in the domestic market on Monday as speculators trimmed positions amid low demand at the domestic spot markets.
Analysts said a weakening trend in base metals at the domestic spot markets due to slackened demand from consuming industries led to the fall in copper prices at futures trade here.
At the MCX, copper futures for February 2018 contract was trading at Rs 425.25 per kg, down by 0.60 per cent, after opening at Rs 426.95, against a previous close of Rs 427.80. It touched the intra-day low of Rs 424.90 (at 12:20 hours).
