Copper futures remain weak, shed 0.65% on tepid demand
03/01/2018
03/01/2018 12:32
Copper futures were trading lower in the domestic market on Wednesday as speculators engaged in trimming their positions, tracking a weak trend at spot market on subdued demand.
Analysts said offloading of positions by participants owing to slackened demand from consuming industries at domestic spot market mainly kept copper prices down at futures trade.
At the MCX, copper futures for February 2018 contract was trading at Rs 457.30 per kg, down by 0.65 per cent, after opening at Rs 458.80, against a previous close of Rs 460.30. It touched the intra-day low of Rs 457.30 (at 12:35 hours).
03/01/2018
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Copper futures remain weak, shed 0.65% on tepid demand03/01/2018 12:32
Copper futures were trading lower in the domestic market on Wednesday as speculators engaged in trimming their positions, tracking a weak trend at spot market on subdued demand.
Analysts said offloading of positions by participants owing to slackened demand from consuming industries at domestic spot market mainly kept copper prices down at futures trade.
At the MCX, copper futures for February 2018 contract was trading at Rs 457.30 per kg, down by 0.65 per cent, after opening at Rs 458.80, against a previous close of Rs 460.30. It touched the intra-day low of Rs 457.30 (at 12:35 hours).
