Copper futures were trading lower during the afternoon trade in the domestic market on Tuesday as participants trimmed their bets in the industrial metal amid muted physical demand for copper in the domestic spot market. Further, a decline in demand for copper at the domestic spot market was due to cut down of positions by participants at the spot markets, influenced copper prices at futures trade.

At the MCX, copper futures for November 2016 contract is trading at Rs 323.30 per kg, down by 0.45 %, after opening at Rs 324.10, against a previous close of Rs 324.75. It touched the intra-day low of Rs 323.For More Information RipplesAdvisory,Ripples_Advisory,Ripples Market Tips Ripplesadvisory.com and you can call us on :-9827808090.

Copper on MCX settled down -1.16% at 324.75 on profit booking as funds sold, but losses were limited by expectations of firmer demand in China. A move higher in September when copper rose 5.4 %, its biggest monthly gain since February 2015, was driven by funds betting on higher prices. But a failure to break above $4,900 triggered the sell-off. Activity in China's manufacturing sector expanded for a second month in a row in September, an official survey showed.