Copper weakens in futures trade on global cues

NEW DELHI, Jan 15: Copper futures prices today fell 0.49 per cent to Rs 457.90 per kg after speculators reduced their exposures amid a weak trend in the global markets.
At the Multi Commodity Exchange, copper for delivery in April declined by Rs 2.25, or 0.49 per cent, to Rs 457.90 per kg in business turnover of 112 lots.
Similarly, the metal for delivery in February fell by Rs 2.15, or 0.47 per cent, to Rs 453.40 per kg in 3,326 lots.
Analysts attributed the decline to a subdued trend in the base metals pack in the global markets.
Meanwhile, copper for delivery in March lost 0.70 per cent at 51,450 yuan (USD 8,512) per tonne on the Shanghai Futures Exchange. (AGENCIES)