Copper futures dip amid muted spot demand
03/10/2017
Copper futures were trading lower in the domestic market on Tuesday as speculators trimmed positions amid a weak trend at the spot markets on low demand. Analysts said a weakening trend at the domestic spot markets due to slackened demand from consuming industries and profit-booking at existing levels mainly kept pressure on copper futures. At the MCX, copper futures for November 2017 contract was trading at Rs 427.20 per kg, down by 0.18 per cent, after opening at Rs 426.00, against a previous close of Rs 427.95. It touched the intra-day low of Rs 425.70 (at 11:45 hours).
03/10/2017
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Copper futures were trading lower in the domestic market on Tuesday as speculators trimmed positions amid a weak trend at the spot markets on low demand. Analysts said a weakening trend at the domestic spot markets due to slackened demand from consuming industries and profit-booking at existing levels mainly kept pressure on copper futures. At the MCX, copper futures for November 2017 contract was trading at Rs 427.20 per kg, down by 0.18 per cent, after opening at Rs 426.00, against a previous close of Rs 427.95. It touched the intra-day low of Rs 425.70 (at 11:45 hours).
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