NEW DELHI, July 28: Copper futures traded a shade lower at Rs 439.20 per kg as speculators trimmed positions amidst a weak trend in global markets.
At the Multi Commodity Exchange, copper for delivery in far-month November eased by 40 paise, or 0.09 per cent, to Rs 439.20 per kg in a business turnover of 7 lots.
The metal for delivery in August shed 10 paise, or 0.02 per cent, to Rs 431.85 per kg in a business volume of 401 lots.
Analysts said apart subdued domestic demand, the metal’s weakness at the London Metal Exchange (LME) after Freeport-McMoRan Inc received approval from Indonnesia to resume exporters from its Grasberg mine, weighed on prices at futures trade here.
Globally, copper for delivery in three-months traded 0.05 per cent lower at USD 7,090 per tonne at the LME. (PTI)
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