SG:Indian copper falls over 1pct on weak global cues
BS reported that tracking a weak global trend on demand concerns, Copper prices fell by 1.32% to INR 411.35 per kilogram in futures trade as speculators offloaded their positions.
At the Multi Commodity Exchange the June contract fell INR 5.50 or 1.32% to INR 411.35 per kilogram in 3,152 lots. The August contract traded lower by INR 5.40 or 1.28% to INR 416.30 per kilogram in 251 lots.
Analysts attributed the fall in copper futures to weak global cues after a report showed manufacturing in China, the world's biggest metals consumer is contracting for the first time in 7 months.
