Commodity Watch: Copper futures reeling under pressure
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New Delhi: Copper futures on Tuesday fell 0.18 per cent to Rs789.80 per kilogram as participants cut their positions amid a muted demand in the domestic market. On Multi Commodity Exchange (MCX), copper contracts for August delivery eased by Rs1.40 or 0.18 per cent to Rs789.80 per kg in a business turnover of 13,838 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 declined 25 paise to Rs209 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 August fell 25 paise or 0.12 per cent to Rs209 per kg in 5,115 lots. Analysts said cutting down of positions by participants on easing demand from consuming industries mainly kept aluminium prices lower.
