Copper Futures Decline on Weak Demand in India
Copper futures fell 0.23% on the Multi Commodity Exchange (MCX) on Wednesday, driven by weak demand and speculator position trimming. Read more.
New Delhi, Feb 19 (PTI) Copper futures on Wednesday fell 0.23 per cent to Rs 869.15 per kilogram as participants reduced their positions amid muted demand in the domestic market.
On the Multi Commodity Exchange, copper contracts for March delivery eased by Rs 2 or 0.23 per cent to Rs 869.15 per kg in a business turnover of 3,847 lots.
Analysts said trimming of positions by speculators amid muted demand in the spot market mainly dragged down copper prices in the futures trade.
On the Multi Commodity Exchange, copper contracts for March delivery eased by Rs 2 or 0.23 per cent to Rs 869.15 per kg in a business turnover of 3,847 lots.
Analysts said trimming of positions by speculators amid muted demand in the spot market mainly dragged down copper prices in the futures trade.
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