Copper futures fell during evening trade in the domestic market on Thursday as investors and speculators exit positions in the industrial metal amid sluggish physical demand for copper in the domestic spot market. Further, a sharp drop in US new home construction activity last month signaled a cooling housing market recovery in the world’s biggest economy, clouding the demand outlook for copper, which is widely used in construction and house building. US starts fell 9 % to a 1.05 million annualized rate in September.

            At the MCX, copper futures for November 2016 contract is trading at Rs 311.1 per kg, down by 0.30 %, after opening at Rs 312.7, against a previous close of Rs 312.05. It touched the intra-day low of Rs 310.75 .

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