Copper prices traded lower by 0.40% to Rs 415.55 per kg in futures trade today, as speculators offloaded their positions on a weak global trend.

Sluggish demand in the spot market further fuelled the downtrend in copper futures prices.

At the Multi Commodity Exchange, the February contract for copper weakened by Rs 1.65, or 0.40%, to Rs 415.55 per kg in business turnover of 3,871 lots.

The April contract traded lower by Rs 1.60 paise, or 0.38%, to Rs 421.30 per kg in 636 lots.

Analysts said speculators offloading their positions and a weak trend in global markets as reports signaled slowing economic growth, eroding demand prospects for industrial metals, mainly weighed on metal prices at futures trade.

Meanwhile, copper for three-month delivery declined by 0.4% to $8,398.75 a tonne on the London Metal Exchange.