Copper Futures Decline on Weak Demand - PTI
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Copper futures fell on the Multi Commodity Exchange (MCX) on Tuesday due to weak demand in the domestic market. Participants reduced their positions, leading to a 0.4% decline in prices.
New Delhi, May 20 (PTI) Copper futures on Tuesday slipped 0.4 per cent to Rs 857.15 per kilogram as participants reduced their positions amid muted demand in the domestic market.
On the Multi Commodity Exchange, copper contracts for June delivery eased by Rs 3.40 or 0.4 per cent to Rs 857.15 per kilogram in a business turnover of 4,706 lots.
Analysts attributed the decline in copper prices to lower bets by participants.
On the Multi Commodity Exchange, copper contracts for June delivery eased by Rs 3.40 or 0.4 per cent to Rs 857.15 per kilogram in a business turnover of 4,706 lots.
Analysts attributed the decline in copper prices to lower bets by participants.
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