Copper futures dip 1.31% on muted demand
08/09/2017
Copper futures were trading lower during the noon trade in the domestic market on Friday following weak cues from spot markets where the metal softened due to subdued demand from consuming industries.Analysts said offloading of positions by traders on the back of a weak trend at domestic spot markets as some industrial metals fell due to weak demand, mainly influenced copper prices at futures trade.At the MCX, copper futures for November 2017 contract was trading at Rs 440.20 per kg, down by 1.31 per cent, after opening at Rs 445.85, against a previous close of Rs 446.05. It touched the intra-day low of Rs 438.70 (at 12:40 hours).
08/09/2017
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Copper futures were trading lower during the noon trade in the domestic market on Friday following weak cues from spot markets where the metal softened due to subdued demand from consuming industries.Analysts said offloading of positions by traders on the back of a weak trend at domestic spot markets as some industrial metals fell due to weak demand, mainly influenced copper prices at futures trade.At the MCX, copper futures for November 2017 contract was trading at Rs 440.20 per kg, down by 1.31 per cent, after opening at Rs 445.85, against a previous close of Rs 446.05. It touched the intra-day low of Rs 438.70 (at 12:40 hours).
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