Copper Futures Plunge to All-Time Low on Weak Demand
Copper futures hit a record low on the MCX due to weak demand and bearish market sentiment. Analysts attribute the decline to muted spot market activity and selling pressure.
New Delhi, Mar 18 (PTI) Copper futures on Tuesday tumbled to an all-time low of Rs 905.75 per kilogram, as weak demand and subdued market sentiment weighed on prices.
On the Multi Commodity Exchange (MCX), copper contracts recorded for April delivery eased Rs 2.05 or 0.23 per cent to Rs Rs 905.75 per kg in a business turnover of 3,619 lots.
Analysts attributed the decline to muted demand in the spot market and persistent selling pressure, which pushed copper prices to historic lows in futures trading.
On the Multi Commodity Exchange (MCX), copper contracts recorded for April delivery eased Rs 2.05 or 0.23 per cent to Rs Rs 905.75 per kg in a business turnover of 3,619 lots.
Analysts attributed the decline to muted demand in the spot market and persistent selling pressure, which pushed copper prices to historic lows in futures trading.
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