Commodity Watch: Muted Demand For Copper Futures

New Delhi: Copper futures on Tuesday fell 0.06 per cent to Rs798.80 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 45 paise or 0.06 per cent to Rs798.80 per kg in a business turnover of 1,491 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 in red

Aluminium prices declined 55 paise to Rs 220.75 per kilogram in the futures market as participants trimmed their positions on a weak trend in the spot market.

On MCX, aluminium for delivery in October fell 55 paise or 0.25 per cent to Rs220.75 per kg in 756 lots. Analysts said cutting down of positions by participants on easing demand from consuming industries mainly kept aluminium prices lower.