Commodity Watch: Futures Turn Sluggish On Easing Speculation

New Delhi: Copper futures on Thursday fell 0.04 per cent to Rs801.30 per kilogram as participants reduced their positions amid muted demand in the domestic market. On Multi Commodity Exchange (MCX), copper contracts for January delivery eased by 35 paise or 0.04 per cent to Rs801.30 per kg in a business turnover of 8,904 lots. Analysts said trimming of positions by speculators amid muted demand in the spot market mainly dragged down copper prices in fu-tures trade.

Aluminium futures fall on low demand

Aluminium prices slipped Rs1.10 to Rs240.70 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 January fell Rs1.10 or 0.45 per cent to Rs240.70 per kg in 3,165 lots. Analysts said cutting down of positions by participants on easing demand from consuming industries mainly kept aluminium prices lower.