Commodity Watch: Copper Futures Decline On Weak Demand

New Delhi: Copper futures on Monday fell 0.39 per cent to Rs 861.75 per kilogram as participants reduced their positions amid muted demand in the domestic market. On the Multi Commodity Exchange, copper contracts for March delivery eased by Rs 3.40 or 0.39 per cent to Rs 861.75 per kg in a business turnover of 1,735 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 rise on fresh bets

Aluminium prices on Monday rose 10 paise to Rs 255.70 per kilogram in the futures market as speculators built up fresh positions amid a positive trend in the spot market. On the Multi Commodity Exchange, aluminium for delivery in March increased 10 paise or 0.04 per cent to Rs 255.70 per kg in 765 lots.

Zinc futures decline on negative cues

Zinc prices on Monday fell 0.57 per cent to Rs 271.55 per kilogram in futures trade as speculators reduced their exposure, tracking negative cues from the spot market. On the Multi Commodity Exchange, zinc contracts for March delivery traded lower by Rs 1.55 or 0.57 per cent at Rs 271.55 per kg in 578 lots.