Copper Futures Drop on Weak Demand - PTI
Copper futures fell 0.41% to Rs 906.15 per kg on the MCX as traders reduced positions amid weak domestic demand. Analysts attribute the decline to muted spot market activity.
New Delhi, Mar 21 (PTI) Copper futures on Friday fell 0.41 per cent to Rs 906.15 per kilogram as participants reduced their positions amid muted demand in the domestic market.
On the Multi Commodity Exchange, copper contracts for April delivery eased by Rs 3.75 or 0.41 per cent to Rs 906.15 per kg in a business turnover of 5,552 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 April delivery eased by Rs 3.75 or 0.41 per cent to Rs 906.15 per kg in a business turnover of 5,552 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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