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At MCX Copper futures slightly downward global cues, on low demand
In the midst of weak tendency in the global marketplace and demand terrain subjected, in mcx copper commodity prices dipped slightly by 0.06 percent to 462.05 rupees a kg in futures trade today as speculators cut positions .
At the MCX, copper for delivery in far-month February shed 30 paise, or 0.06 per cent, to Rs 462.05 per kg in business turnover of 36 lots. The same way on metal for November delivery traded lower by 20 paise, or 0.04 percent, to 451.95 rupees a kg in 1365 lots.
Analysts attributed the drop in copper futures on weaknesses global signals as the U.S. legislators continued negotiations to avoid a default of the the debt ceiling of the nation and weaker demand in the domestic spot markets.
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Source : Copper futures marginally down on global cues, low demand
