NEW DELHI: Amid a weak trend overseas on demand concerns, copper futures fell further by 0.23 per cent to Rs 446.20 per kg today as speculators engaged in reducing exposures.
However, slump in stockpiles capped the losses. At the Multi Commodity Exchange, copper for delivery in April eased by Rs 1.05, or 0.23 per cent, to Rs 446.20 per kg in a turnover of 603 lots.
The metal for delivery in February shed 55 paise, pr 0.12 per cent to Rs 445.85 per kg in a business volume of 3,113 lots.
Analysts said a weak trend in metal on concern that slowing growth in China will dampen demand overseas mainly put pressure on copper futures here but slump in London Metal Exchange (LME) monitored inventories, capped the fall.
Globally, copper for delivery in three-months traded lower at $7,083.50 per tonne at the LME.
