Commodity Watch: Muted Demand For Copper Futures

New Delhi: Copper futures on Thursday fell 0.33 per cent to Rs823.55 per kilogram as participants cut their positions amid a muted demand in the domestic market. On Multi Commodity Exchange (MCX), copper contracts for October delivery eased by Rs2.70 or 0.33 per cent to Rs823.55 per kg in a business turnover of 8,454 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 increased 95 paise to Rs232.65 per kilogram in the futures market, as speculators built up fresh positions amid a positive trend in the spot market. On MCX, aluminium for delivery in October advanced 95 paise or 0.41 per cent to Rs232.65 per kg in 758 lots. Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.