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04-Feb2019

Copper futures trade lower on china growth concerns

Copper futures traded lower on MCX, as London copper dipped with growing concerns over slowing factory activity in China, the world's top industrial metals consumer. Moreover, easing trend in base metals weighed on the red metal rates.

The contract for February delivery was trading at Rs 438.25, down by 0.11% or Rs 0.50 from its previous closing of Rs 438.75.The open interest of the contract stood at 12041 lots.

The contract for April delivery was trading at Rs 443.10, down 0.12% or Rs 0.55 from its previous closing of Rs 443.65. The open interest of the contract stood at 2968 lots on MCX.


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