Copper futures fall on weak demand

By Author  |  Published: 7th Jul 2020  2:15 pm

New Delhi: Copper prices on Tuesday slipped by 15 paise to Rs 469.60 per kg as participants cut down their positions amid muted demand in domestic market.

On the Multi Commodity Exchange, copper for July delivery eased by 15 paise, or 0.03 per cent, to Rs 469.60 per kg in a business turnover of 6,520 lots.

Analysts said trimming of positions by speculators due to muted demand in spot market mainly led to the fall in copper prices here.

Zinc futures down on muted demand

New Delhi: Zinc prices on Tuesday fell 0.03 per cent to Rs 164.05 per kg in futures trade as speculators reduced their exposure taking negative cues from spot market.

On the Multi Commodity Exchange, zinc for delivery in July was trading lower by 5 paise, or 0.03 per cent, at Rs 164.05 per kg in 2,179 lots.

Analysts said offloading of positions by participants owing to slackened demand from consuming industries in physical market mainly weighed on zinc futures prices here.