Copper futures dip on weak global cues, muted demand 13/09/2017

Copper futures dip on weak global cues, muted demand
13/09/2017
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Copper futures were trading lower during the noon trade in the domestic market on Wednesday amid a weak trend at the London Metal Exchange (LME) amid subdued demand at the domestic markets.
Analysts said besides a weak trend in base metals overseas as inventories in LME warehouses jumped and the dollar steadied at higher levels, muted demand from consuming industries at the domestic markets, kept pressure on copper prices in futures trade here.At the MCX, copper futures for November 2017 contract was trading at Rs 427.60 per kg, down by 0.75 per cent, after opening at Rs 430.55, against a previous close of Rs 430.85. It touched the intra-day low of Rs 427.2 (at 12:40 hours).
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