Commodity Watch: Copper Futures In Red Amid Tepid Demand

New Delhi: Copper futures on Monday fell 0.51 per cent to Rs804.75 per kilogram as participants reduced their positions amid muted demand in the domestic market. On Multi Commodity Exchange (MCX), copper contracts for December delivery eased by Rs4.15 or 0.51 per cent to Rs804.75 per kg in a business turnover of 8,360 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 10 paise to Rs242.25 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 December fell 10 paise or 0.04 per cent to Rs242.25 per kg in 3,315 lots. Analysts said cutting down of positions by participants on easing demand from consuming industries mainly kept aluminium prices lower.