Copper weakens in futures trade on global cues

NEW DELHI, Feb 3: Copper futures prices today fell marginally to Rs 444.70 per kg, as speculators trimmed positions amid a weak trend in the global markets on slowing manufacturing in China.
At the Multi Commodity Exchange, copper for delivery in February declined by 25, or 0.06 per cent, to Rs 444.70 per kg in business turnover of 392 lots.
The metal for delivery in April fell by a similar margin to Rs 451.10 per kg in 7 lots.
Analysts attributed the decline to a subdued trend at the London Metal Exchange (LME) as manufacturing in China, the world’s largest user of base metals.
Meanwhile, copper for delivery in three-months traded 0.40 per cent lower at USD 7,035 per tonne on the LME. (AGENCIES)