Commodity Watch: Copper Futures Dip On Weak Trend

New Delhi: Copper futures on Monday fell 0.16 per cent to Rs 798.80 per kilogram as participants cut their positions amid a muted demand in the domestic market.

On the Multi Commodity Exchange, copper contracts for December delivery eased by Rs 1.25 or 0.16 per cent to Rs 798.80 per kg in a business turnover of 5,840 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 fall on low demand

Aluminium prices on Monday slipped 40 paise to Rs 244.20 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 40 paise or 0.16 per cent to Rs 244.20 per kg in 2,275 lots. Analysts said cutting down of positions by participants on easing demand from consuming industries mainly kept aluminium prices lower.