Copper futures decline on low demand
30/01/2018
Copper futures decline on low demand
30/01/2018 12:26
Copper futures were trading lower in the domestic market on Tuesday as speculators cut down positions even as metal strengthened overseas.
Marketmen attributed the fall in copper prices at futures trade to a low demand at the domestic markets from consuming industries amid profit-booking by participants at current levels, but a firm trend at the London Metal Exchange (LME) capped the fall.
At the MCX, copper futures for February 2018 contract was trading at Rs 447.50 per kg, down by 0.71 per cent, after opening at Rs 450.00, against a previous close of Rs 450.70. It touched the intra-day low of Rs 445.70 (at 12:30 hours).
30/01/2018
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Copper futures decline on low demand
30/01/2018 12:26
Copper futures were trading lower in the domestic market on Tuesday as speculators cut down positions even as metal strengthened overseas.
Marketmen attributed the fall in copper prices at futures trade to a low demand at the domestic markets from consuming industries amid profit-booking by participants at current levels, but a firm trend at the London Metal Exchange (LME) capped the fall.
At the MCX, copper futures for February 2018 contract was trading at Rs 447.50 per kg, down by 0.71 per cent, after opening at Rs 450.00, against a previous close of Rs 450.70. It touched the intra-day low of Rs 445.70 (at 12:30 hours).
