Commodity Watch: Tepid Demand For Copper Futures

New Delhi: Copper futures on Thursday fell 0.75 per cent to Rs838 per kilogram as participants cut their positions amid a muted demand in the domestic market. On Multi Commodity Exchange (MCX), copper contracts for November delivery eased by Rs6.35 or 0.75 per cent to Rs838 per kg in a business turnover of 4,748 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 slipped Re1 to Rs238.40 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 November fell Re1 or 0.42 per cent to Rs238.40 per kg in 1,267 lots. Analysts said cutting down of positions by participants on easing demand from consuming industries mainly kept aluminium prices lower.