Commodity Watch: Sluggish trading in copper futures continues

New Delhi: Copper futures on Wednesday fell 0.47 per cent to Rs789.45 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 Rs3.70 or 0.47 per cent to Rs789.45 per kg in a business turnover of 1,018 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 Rs2.95 to Rs221.55 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 October fell Rs2.95 or 1.31 per cent to Rs221.55 per kg in 127 lots. Analysts said cutting down of positions by participants on easing demand from consuming industries mainly kept aluminium prices lower.