Copper futures slip 0.42% on profit booking
27/12/2017
27/12/2017 11:06
Copper futures were trading lower in the domestic market on Wednesday as speculators booked profits amid easing demand in domestic spot markets.
Analysts said besides profit-booking by participants, fall in demand from consuming industries in the physical market also weighed on futures prices.
At the MCX, copper futures for February 2018 contract was trading at Rs 462.90 per kg, down by 0.42 per cent, after opening at Rs 463.90, against a previous close of Rs 464.85. It touched the intra-day low of Rs 462.45 (at 11:10 hours).
27/12/2017
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Copper futures slip 0.42% on profit booking27/12/2017 11:06
Copper futures were trading lower in the domestic market on Wednesday as speculators booked profits amid easing demand in domestic spot markets.
Analysts said besides profit-booking by participants, fall in demand from consuming industries in the physical market also weighed on futures prices.
At the MCX, copper futures for February 2018 contract was trading at Rs 462.90 per kg, down by 0.42 per cent, after opening at Rs 463.90, against a previous close of Rs 464.85. It touched the intra-day low of Rs 462.45 (at 11:10 hours).
