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Published on 14/02/2018 12:24:35 PM | Source: Dion Global Solutions Ltd

Copper futures down on profit-booking

Posted in Commodity Top News| #Copper #MCX #Commodity

Copper futures were trading lower in the domestic market on Wednesday as speculators booked profits amid easing demand in the spot market. Analysts said besides profit-booking by participants, fall in demand from consuming industries in the physical market influenced copper prices in futures trade.

At the MCX, copper futures for February 2018 contract was trading at Rs 449.05 per kg, down by 0.07 per cent, after opening at Rs 448.00, against a previous close of Rs 449.35. It touched the intra-day low of Rs 447.25.