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Copper futures decline amid muted demand

Copper futures decline amid muted demand

19 May 2021

NEW DELHI: Copper futures on Wednesday slipped 1.58 per cent to Rs 771.50 per kg as participants cut their positions amid muted demand in the domestic market.

On the Multi Commodity Exchange, copper contracts for the May delivery eased by Rs 12.35, or 1.58 per cent, to Rs 771.50 per kg in a business turnover of 3,946 lots.

Analysts said trimming of positions by speculators due to muted demand in the spot market mainly led to the fall in copper prices here.