Muted demand drags down copper futures by 0.26%
22/12/2017
22/12/2017 12:15
Copper futures were trading lower in the domestic market on Friday as speculators reduced exposure, taking negative cues from the spot market on tepid demand.
Analysts said offloading of positions by participants owing to slackened demand from consuming industries in the physical market, mainly weighed on copper prices in futures trade.
At the MCX, copper futures for February 2018 contract was trading at Rs 455.55 per kg, down by 0.26 per cent, after opening at Rs 454.50, against a previous close of Rs 456.75. It touched the intra-day low of Rs 453.85 (at 12:20 hours).
22/12/2017
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Muted demand drags down copper futures by 0.26%22/12/2017 12:15
Copper futures were trading lower in the domestic market on Friday as speculators reduced exposure, taking negative cues from the spot market on tepid demand.
Analysts said offloading of positions by participants owing to slackened demand from consuming industries in the physical market, mainly weighed on copper prices in futures trade.
At the MCX, copper futures for February 2018 contract was trading at Rs 455.55 per kg, down by 0.26 per cent, after opening at Rs 454.50, against a previous close of Rs 456.75. It touched the intra-day low of Rs 453.85 (at 12:20 hours).
