Copper futures dip 0.39% on muted spot demand
01/08/2017
Copper futures were trading lower during the noon trade in the domestic market on Tuesday as speculators offloaded their positions amid sluggish demand at the domestic spot markets.Analysts attributed the fall in copper futures to weak trend at the domestic markets owing to slackened demand from consuming industries.At the MCX, copper futures for August 2017 contract is trading at Rs 408.80 per kg, down by 0.39 per cent, after opening at Rs 411.00, against a previous close of Rs 410.65. It touched the intra-day low of Rs 408.80 (at 12:25 hours).
01/08/2017
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Copper futures were trading lower during the noon trade in the domestic market on Tuesday as speculators offloaded their positions amid sluggish demand at the domestic spot markets.Analysts attributed the fall in copper futures to weak trend at the domestic markets owing to slackened demand from consuming industries.At the MCX, copper futures for August 2017 contract is trading at Rs 408.80 per kg, down by 0.39 per cent, after opening at Rs 411.00, against a previous close of Rs 410.65. It touched the intra-day low of Rs 408.80 (at 12:25 hours).
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