Commodity Watch: Copper Futures Turn Sluggish

New Delhi: Copper futures on Tuesday fell 0.43 per cent to Rs834.50 per kilogram as participants cut their positions amid muted demand in the domestic market. On Multi Commodity Exchange (MCX), copper contracts for November delivery eased by Rs3.60 or 0.43 per cent to Rs834.50 per kg in a business turnover of 5,776 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 slipped 35 paise to Rs242.65 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 November fell 35 paise or 0.85 per cent to Rs242.65 per kg in 3,512 lots. Analysts said cutting down of positions by participants on easing demand from consuming industries mainly kept aluminium prices lower.