Muted demand drags down copper futures by 0.14%

Muted demand drags down copper futures by 0.14%

03/10/2016 15:42

Copper futures were trading lower during the evening trade in the domestic market on Monday as participants trimmed their bets in the industrial metal amid muted physical demand for copper in the domestic spot market. Further, a drop in demand for aluminium at the domestic spot market was due to cut down of positions by participants at the spot markets, influenced aluminium prices at futures trade.

At the MCX, copper futures for November 2016 contract is trading at Rs 328.10 per kg, down by 0.14 per cent, after opening at Rs 328.35, against a previous close of Rs 328.55. It touched the intra-day low of Rs 327.40 (at 15:36 hours).

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s