Copper futures down on profit-booking
19/02/2018
Copper futures down on profit-booking
19/02/2018 12:16
Copper futures were trading lower in the domestic market on Monday as speculators booked profits amid easing demand in the spot market.
Analysts said besides profit-booking by participants, fall in demand from consuming industries in the physical market influenced copper prices in futures trade.
At the MCX, copper futures for February 2018 contract was trading at Rs 460.50 per kg, down by 0.22 per cent, after opening at Rs 461.30, against a previous close of Rs 461.50. It touched the intra-day low of Rs 459.80 (at 12:20 hours).
19/02/2018
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Copper futures down on profit-booking
19/02/2018 12:16
Copper futures were trading lower in the domestic market on Monday as speculators booked profits amid easing demand in the spot market.
Analysts said besides profit-booking by participants, fall in demand from consuming industries in the physical market influenced copper prices in futures trade.
At the MCX, copper futures for February 2018 contract was trading at Rs 460.50 per kg, down by 0.22 per cent, after opening at Rs 461.30, against a previous close of Rs 461.50. It touched the intra-day low of Rs 459.80 (at 12:20 hours).
