BS:Copper down 0.4% on global cues, subdued demand
Copper prices fell by 0.43% to Rs 400.95 per kg in futures trade today as speculators reduced positions amid weak global cues.
At the Multi Commodity Exchange, copper for delivery in April traded lower by Rs 1.75, or 0.43%, to Rs 400.95 per kg in business turnover of 1,155 lots.
Similarly, the metal for delivery in far-month June was down by Rs 1.45, or 0.36%, to Rs 404 per kg in 22 lots.
Analysts attributed the fall in copper futures to weak global trend with China to post factory and retail sales data amid concerns that the slowdown in Asia's largest economy is worsening.
Besides, subdued demand in the spot market also put pressure, they said.
Meanwhile, copper for delivery in three months traded little changed at USD 6,507.75 at London Metal Exchange.
