New Delhi, Dec 26 (PTI) Copper futures prices fell marginally by 0.15 per cent to Rs 406.40 per kg today, in tandem with a weak trend in Shanghai on concerns that China''s plan to maintain curbs on property prices may reduce demand for the metal.
In addition, rising inventory levels at the Shanghai Metal Exchange-monitored warehouses and subdued demand in the domestic spot market put pressure on copper futures prices here.
At the Multi Commodity Exchange, copper for delivery in February fell by 60 paise, or 0.15 per cent, to Rs 406.40 per kg, with a trading volume of 1,420 lots.
In a similar fashion, the metal for delivery in April lost 45 paise, or 0.11 per cent, to Rs 410.30 per kg, clocking a trading volume of 181 lots.
Analysts said the fall in copper prices in futures trade was mostly attributed to speculation that China''s plan to maintain restrictions on property prices may reduce demand for the metal, which put pressure on prices of the metal in futures trade here. China is the biggest global consumer of the metal.
Meanwhile, prices of copper for delivery in March on the Shanghai Futures Exchange fell 1.2 per cent to 55,190 yuan (USD 8,720) per tonne in early trade today after rising nearly 3 per cent last week.
