Commodity Watch: Sluggish demand for copper futures

New Delhi: Copper futures on Monday fell 0.08 per cent to Rs849.20 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 70 paise or 0.08 per cent to Rs 849.20 per kg in a business turnover of 7,441 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 weak spot market

Aluminium prices declined 80 paise to Rs229.30 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 80 paise or 0.35 per cent to Rs229.30 per kg in 4,117 lots. Analysts said cutting down of positions by participants on easing demand from consuming industries mainly kept aluminium prices lower.