Commodity Watch: Copper Futures Remain On Negative Note

New Delhi: Copper futures on Thursday fell 0.08 per cent to Rs827.90 per kilogram as participants reduced their positions amid muted demand in the domestic market. On Multi Commodity Exchange (MCX), copper contracts for February delivery eased by 65 paise or 0.08 per cent to Rs827.90 per kg in a business turnover of 6,552 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 rose 35 paise to Rs252.35 per kilogram in the futures market as speculators built up fresh positions amid a positive trend in the spot market. On MCX, aluminium for delivery in February increased 35 paise or 0.14 per cent to Rs252.35 per kg in 3,205 lots.

Zinc futures decline

Zinc prices on Thursday fell 0.3 per cent to Rs265.50 per kilogram in futures trade as speculators reduced their exposure, tracking negative cues from the spot market. On MCX, zinc contracts for February delivery traded 80 paise or 0.3 per cent lower at Rs265.50 per kg in 3,632 lots.