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MTECHTIPS;-Copper futures fall 0.17% on weak global cues

Wednesday, March 20, 2019 5:52

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MTECHTIPS;-Copper futures fall 0.17% on weak global cues

MTECHTIPS-Copper prices were down 0.17 percent to Rs 447.05 per kg on Wednesday as speculators cut down their holdings amid a weak trend overseas. At the Multi Commodity Exchange, copper for delivery in April was trading lower by 75 pause, or 0.17 percent, to Rs 447.05 per kg in a business turnover of 1,632 lots. Analysts said a weak trend in most industrial metals on the London Metal Exchange (LME), as investors stayed on the sidelines ahead of the outcome of the US Federal Reserve rate meeting later in the day, kept pressure on copper prices at futures trade here. Globally, three-month copper fell 0.2 percent to USD 6,446 per tonne at the LME, while at the Shanghai Futures Exchange it eased 0.1 percent to 49,200 yuan (USD 738.63) per tonne Wednesday

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