Commodity Watch: Copper Futures Back In Red

New Delhi: Copper futures on Wednesday fell 0.39 per cent to Rs834 per kilogram as participants reduced their positions amid muted demand in the domestic market. On Multi Commodity Exchange (MCX), copper contracts for February delivery eased by Rs3.25 or 0.39 per cent to Rs834 per kg in a business turnover of 4,151 lots. Analysts said trimming of positions by speculators amid muted demand in the spot market mainly dragged down copper prices in the futures trade.

Aluminium futures fall on low demand

Aluminium prices slipped Rs2.20 to Rs251.30 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 February fell Rs2.20 or 0.87 per cent to Rs251.30 per kg in 2,612 lots. Analysts said cutting down of positions by participants on easing demand from consuming industries mainly kept aluminium prices lower.