Commodity Watch: Copper futures back in red

New Delhi: Copper futures on Monday fell 0.41 per cent to Rs808.20 per kilogram as participants cut their positions amid a muted demand in the domestic market. On Multi Commodity Exchange (MCX), copper contracts for October delivery eased by Rs3.35 or 0.41 per cent to Rs808.20 per kg in a business turnover of 2,276 lots. Analysts said trimming of positions by speculators amid a muted demand in the spot market mainly dragged down copper prices in the futures trade.

Aluminium futures rise on fresh bets

Aluminium futures climbed 0.41 per cent to Rs231.35 per kilogram as speculators built up fresh positions amid a positive trend in the spot market. On MCX, aluminium contracts for October delivery increased 95 paise or 0.41 per cent to Rs 231.35 per kg in a business turnover of 1,312 lots. Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.