Copper futures slide 1% on muted demand, global cues
21/09/2017
Copper futures were trading lower during the noon trade in the domestic market on Thursday as speculators offloaded their positions amid sluggish demand at the domestic spot markets and weak global cues.Analysts attributed the fall in copper futures to weak trends at the domestic markets owing to slackened demand from consuming industries coupled with a weak trend at the London Metal Exchange (LME).At the MCX, copper futures for November 2017 contract was trading at Rs 419.90 per kg, down by 1 per cent, after opening at Rs 422.90, against a previous close of Rs 424.15. It touched the intra-day low of Rs 418.20 (at 12:30 hours).
21/09/2017
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Copper futures were trading lower during the noon trade in the domestic market on Thursday as speculators offloaded their positions amid sluggish demand at the domestic spot markets and weak global cues.Analysts attributed the fall in copper futures to weak trends at the domestic markets owing to slackened demand from consuming industries coupled with a weak trend at the London Metal Exchange (LME).At the MCX, copper futures for November 2017 contract was trading at Rs 419.90 per kg, down by 1 per cent, after opening at Rs 422.90, against a previous close of Rs 424.15. It touched the intra-day low of Rs 418.20 (at 12:30 hours).
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