Commodity Watch: Muted demand for copper futures

New Delhi: Copper futures on Monday fell 0.47 per cent to Rs864.20 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 Rs4.05 or 0.47 per cent to Rs864.20 per kg in a business turnover of 7,016 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 declined Rs0.41 to Rs228.10 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 July fell 95 paise or 0.41 per cent to Rs228.10 per kg in 3,505 lots. Analysts said cutting down of positions by participants on easing demand from consuming industries mainly kept aluminium prices lower.