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This is an archive article published on September 18, 2012

Copper futures fall 0.43% on global cues

Tracking a weak global trend,copper prices fell by Rs 1.95 to Rs 456 per kg in futures trade.

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Tracking a weak global trend,copper prices fell by Rs 1.95 to Rs 456 per kg in futures trade today as speculators offloaded their positions.

At Multi Commodity Exchange,copper for delivery in February declined by Rs 1.95,or 0.43 per cent,to Rs 456 per kg,with a business turnover of 1,881 lots.

Similarly,the metal for delivery in November shed Rs 1.90,or 0.42 per cent,to Rs 451.25 per kg,with a business turnover of 27,482 lots.

Marketmen said speculators offloaded their positions in tandem with a weak global trend.

They said sluggish demand from consuming industries in the spot market also influenced copper prices.

Meanwhile,copper fell 0.4 per cent to USD 8,268.50 a tonne on the London Metal Exchange.

 

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