Commodity Watch: Copper Futures Decline On Weak Demand

New Delhi: Copper futures on Thursday fell 1.59 per cent to Rs 793.20 per kilogram as participants cut their positions amid muted demand in the domestic market. On the Multi Commodity Exchange, copper contracts for December delivery eased by Rs 12.80 or 1.59 per cent to Rs 793.20 per kg in a business turnover of 5,162 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 dip on trimmed positions

Aluminium prices on Thursday slipped Rs 1.85 to Rs 234.45 per kilogram in the futures market as participants trimmed their positions on a weak trend in the spot market. On the Multi Commodity Exchange, aluminium for delivery in December fell Rs 1.85 or 0.78 per cent to Rs 234.45 per kg in 1,878 lots. Analysts said cutting down of positions by participants on easing demand from consuming industries mainly kept aluminium prices lower.