Copper futures fall 0.87% as speculators trim positions

Copper futures traded 0.87 per cent lower at Rs 444.65 per kg today as speculators offloaded bets, tracking a weak trend at the London Metal Exchange (LME).

Furthermore, subdued demand at domestic spot market pushed down the metal's prices.

At the Multi Commodity Exchange, copper for delivery in April shed Rs 3.90, or 0.87 per cent, to Rs 444.65 per kg in a business turnover of 2,325 lots.

Also, metal for delivery in June fell by Rs 3.25, or 0.72 per cent, at Rs 449.25 per kg in 92 lots.

Analysts attributed the fall to offloading of positions by participants amid muted demand at the domestic spot market and weakness in the base metals pack at the London Metal Exchange (LME) on firm dollar amid concerns that tensions between the world's top two economies could dent metals demand.


(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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