Copper Futures Slide On Subdued Physical Demand

Copper futures plunged by more than 1 per cent during afternoon trade in the domestic market on Monday as investors and speculators exited their positions in the industrial metal on sluggish physical demand from consuming industries. 

 

 Further, the prices of copper slide on low physical demand from consuming industries due to thin volumes led by Christmas and Year end holidays in the global markets.

                At the MCX, copper futures for February 2017 contract is trading at Rs 369.15 per kg, down by 1.01 per cent, after opening at Rs 370.65, against a previous close of Rs 372.90. It touched the intra-day low of Rs 365.For more detail visit our website http://www.ripplesadvisory.com/services.php.

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