Copper prices fell by 1.04 % on Wednesday after Euro zone manufacturing activity growth remained lackluster last month, a survey showed on Wednesday, supporting the view that strong economic growth in the first quarter did not carry through to the second which reduced the demand for the metal. Markit's final manufacturing Purchasing Managers' Index (PMI) for the euro zone dipped to a three-month low of 51.5 from April's 51.7, unchanged from an earlier flash reading. 

At the MCX, copper futures for June 2016 contract were trading at Rs.309.25 per 1 kg, down by 1.04%, after opening at Rs. 312.25 against the previous closing price of Rs. 312.50. It touched the intra-day low of Rs. 308.50 till the trading. (At 4.45 PM today). content this no 9827808090

Prices also dropped due to the surge in the copper stockpiles at the London Metal Exchange (LME) on account of the weak demand for the commodity. LME copper stocks rose by 2625 metric tonnes to 154350 metric tonnes as on June 1, 2016.