Copper Futures Decline on Weak Demand - PTI
Feb 26, 2024 14:07
Copper futures fell on the Multi Commodity Exchange (MCX) on Monday, attributed to reduced demand and position trimming by speculators. Read more.
New Delhi, Feb 26 (PTI) Copper futures on Monday fell Rs 2.40 to Rs 728.50 per kilogram as participants cut their positions amid a muted demand in the domestic market.
On the Multi Commodity Exchange, copper contracts for March delivery eased Rs 2.40 or 0.33 per cent to Rs 728.50 per kg in a business turnover of 3,964 lots.
Analysts said trimming of positions by speculators amid a muted demand in the spot market mainly dragged down copper prices in the futures trade.
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