NEW DELHI: Copper futures prices fell by another 0.75 per cent to Rs 377.75 per kg today, extending yesterday's losses as speculators reduced their positions, triggered by a weak trend in global markets as a strong dollar reduced commodities' appeal.
At the Multi Commodity Exchange counter, copper for delivery in February traded at Rs 2.85, or 0.75 per cent down at Rs 377.750 per kg, with a trade volume of 41 lots.
The metal for delivery in November also weakened by Rs 2.70, or 0.72 per cent to Rs 373.80 per kg, with a business turnover of two lots. It ended 2 per cent lower at Rs 376.50 per kg in the previous session.
Meanwhile, copper contract for three-month delivery was trading 0.28 per cent lower at USD 8,243.25 a tonne at the London Metal Exchange .
Analysts said a weak trend at global markets, weighed down by a rally in the dollar on Euro zone crisis and a decline in China's refined imports, the world's biggest consumer of the metal, mainly kept pressure on the copper futures prices here.
