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Copper futures fall 0.61 % on low demand

Press Trust of India/New Delhi 18 May 17 | 11:22 AM

Base metal copper prices declined by 0.61 per cent to Rs. 360.95 per kg in futures trade on Thursday, as participants were indulged in trimming positions amid subdued spot demand from consuming industries.

At the Multi Commodity Exchange, copper for delivery in June shed Rs 2.20, or 0.61 per cent, to Rs 360.95 per kg in a business turnover of 680 lots.

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Similarly, the metal for delivery in August traded lower by Rs 1.95, or 0.53 per cent, to Rs 364.95 per kg with a business of volume of two lots.

Analysts attributed the fall in copper futures trade to cutting short of positions by participants, triggered by a weak trend at the spot markets due to muted demand.

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