Commodity Watch: Copper futures slip on muted demand

New Delhi: Copper futures on Wednesday fell Rs3.65 to Rs723.25 per kilogram as participants cut their positions amid a muted demand in the domestic market. On the Multi Commodity Exchange, copper contracts for March delivery eased Rs3.65 or 0.5 per cent to Rs723.25 per kg in a business turnover of 3,956 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.

Zinc futures down on muted demand

Zinc prices on Wednesday fell 1.49 per cent to Rs211.75 per kilogram in the futures trade as speculators reduced their exposure, taking negative cues from the spot market. On the Multi Commodity Exchange, zinc contracts for March delivery traded lower Rs3.20 or 1.49 per cent at Rs211.75 per kg in 5,048 lots.