Commodity Watch: Muted Demand For Copper Futures

New Delhi: Copper futures on Monday fell 0.08 per cent to Rs826.15 per kilogram as participants reduced their positions amid muted demand in the domestic market. On Multi Commodity Exchange (MCX), copper contracts for February delivery eased by 65 paise or 0.08 per cent to Rs826.15 per kg in a business turnover of 5,985 lots. Analysts said trimming of positions by speculators amid muted demand in the spot market mainly dragged down copper prices in the futures trade.

Aluminium futures fall on low demand

Aluminium prices slipped 65 paise to Rs248.40 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 February fell 65 paise or 0.26 per cent to Rs248.40 per kg in 2,743 lots. Analysts said cutting down of positions by participants on easing demand from consuming industries mainly kept aluminium prices lower.

Zinc futures decline on weak demand

Zinc prices fell 0.35 per cent to Rs268.30 per kilogram in futures trade as speculators reduced their exposure, tracking negative cues from the spot market. On MCX, zinc contracts for February delivery traded 95 paise or 0.35 per cent lower at Rs268.30 per kg in 2,858 lots.