Commodity Watch: Copper futures slip on muted demand
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New Delhi: Copper futures on Wednesday fell by 0.06 per cent to Rs757.25 per kilogram as participants cut their positions amid a muted demand in the domestic market. On the Multi Commodity Exchange, copper contracts for April delivery eased 45paise or 0.06 per cent to Rs757.25 per kg in a business turnover of 4,457 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 rise on fresh bets
Aluminium prices on Wednesday marginally rose 0.02 per cent to Rs207 per kilogram in futures trade as speculators built up fresh positions amid a positive trend in the spot market. On the Multi Commodity Exchange, aluminium contracts for April delivery marginally increased 5paise or 0.02 per cent to Rs207 per kg in a business turnover of 3,456 lots. Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.
