Commodity Watch: Tepid Demand For Copper Futures

New Delhi: Copper futures on Tuesday fell 0.15 per cent to Rs805.20 per kilogram as participants reduced their positions amid muted demand in the domestic market. On Multi Commodity Ex-change (MCX), copper contracts for January delivery eased by Rs1.20 or 0.15 per cent to Rs805.20 per kg in a business turnover of 984 lots. Analysts said trimming of positions by specu-lators amid muted demand in the spot market mainly dragged down copper prices in the futures trade.

Aluminium futures rise on fresh bets

Aluminium prices rose 15 paise to Rs242.10 per kilogram in the futures market as speculators built up fresh positions amid a positive trend in the spot market. On MCX, aluminium for deliv-ery in December increased 15 paise or 0.06 per cent to Rs242.10 per kg in 3,437 lots. Analysts said fresh positions created by traders amid demand from consuming industries supported alu-minium prices in the futures market.