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Copper futures slide 0.46% on subdued demand

Copper futures were trading lower during the afternoon trade in the domestic market on Wednesday as participants trimmed their positions in the industrial metal amid fall in physical demand for copper in the domestic spot market. Further, the prices for copper decline in the domestic markets due to a drop in demand for metal at the futures trade.

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At the MCX, copper futures for November 2016 contract is trading at Rs 327.85 per kg, down by 0.46 per cent, after opening at Rs 328.70, against a previous close of Rs 329.35. It touched the intra-day low of Rs 326.90 (at 14:47 hours).

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