Copper futures down on weak global cues


Copper fell marginally by 0.12 per cent in futures trade today as speculators off-loaded their positions, in tune with a weakening trend globally. 

At the Multi Commodity Exchange , copper for delivery in June declined by 50 paise, or 0.12 per cent, to Rs 407.15 per kg, with a business turnover of 4,021 lots. 

Similarly, the metal for delivery in August lost 45 paise, or 0.11 per cent, to Rs 412.25 per kg, with an open interest of 332 lots. 

Market analysts said a weak trend on the London Metal Exchange amid disappointing US data and the unfolding Greek debt crisis mainly put pressure on copper prices in futures trade here. 

Meanwhile, copper for three-month delivery fell by 0.7 per cent to USD 9,090 a tonne on the London Metal Exchange.


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