Base Metals & Energy
D A I L Y B U Z Z
COPPER
Copper prices fell by 0.59 per cent to Rs 416.30 per kg in futures trade today as speculators booking-profits on sluggish demand from consuming industries in the spot market.
At the Multi Commodity Exchange, copper for delivery in June fell by Rs 2.45, or 0.59 per cent, to Rs 416.30 per kg in a business turnover of 2,268 lots.
Similarly, the metal for delivery in April declined by Rs 1.75, or 0.42 per cent, to Rs 414.15 per kg in 6,435 lots. Analysts attributed the fall in copper futures to profit-booking by speculators due to sluggish demand from consuming industries in the spot market.
LEAD
Lead prices softened by 0.59 per cent to Rs 126.35 per kg in futures trading today as speculators reduced positions on the back of weak demand from battery-makers in the spot market.
At the Multi Commodity Exchange, lead for delivery in April declined by 75 paise, or 0.59 per cent, to Rs 126.35 per kg in a business turnover of 3,651 lots. Likewise, the metal for delivery in May traded lower by 75 paise, or 0.58 per cent, to Rs 127.90 per kg in 1,117 lots.
Analysts said speculators trimmed positions on the back of weak demand from battery-makers in the spot market which mainly influenced lead prices at futures trade.
