Commodity Watch: Copper futures turn sluggish

New Delhi: Copper futures on Thursday fell 0.62 per cent to Rs835.60 per kilogram as participants cut their positions amid a muted demand in the domestic market. On Multi Commodity Exchange (MCX), copper contracts for July delivery eased by Rs5.20 or 0.62 per cent to Rs835.60 per kg in a business turnover of 9,464 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 weak spot market

Aluminium futures declined Rs1.05 to Rs228.75 per kilogram as participants trimmed their positions on a weak trend in the spot market. On MCX, aluminium for delivery in July fell Rs1.05 or 0.46 per cent to Rs228.75 per kg in 4,355 lots. Analysts said cutting down of positions by participants on easing demand from consuming industries mainly kept aluminium prices lower.