Commodity Watch: Tepid Demand For Copper Futures

New Delhi: Copper futures on Monday fell 0.17 per cent to Rs803.40 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 Rs1.40 or 0.17 per cent to Rs803.40 per kg in a business turnover of 1,086 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 70 paise to Rs237.90 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 70 paise or 0.29 per cent to Rs237.90 per kg in 633 lots. Analysts said cutting down of positions by participants on easing demand from consuming industries mainly kept aluminium prices lower.