Copper Futures Decline on Weak Demand - PTI
Copper futures fell 0.15% on the Multi Commodity Exchange due to weak demand and reduced positions by participants. Analysts attributed the decline to muted spot market activity.
New Delhi, Dec 31 (PTI) Copper futures on Tuesday fell 0.15 per cent to Rs 805.20 per kilogram as participants reduced their positions amid muted demand in the domestic market.
On the Multi Commodity Exchange, copper contracts for January delivery eased by Rs 1.20 or 0.15 per cent to Rs 805.20 per kg in a business turnover of 984 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 January delivery eased by Rs 1.20 or 0.15 per cent to Rs 805.20 per kg in a business turnover of 984 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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