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07-Feb2019

Copper futures trade lower on demand concerns

Copper futures trade lower on MCX, due to trimmed buying in midst of pressure from concerns over slowing factory activity in the world's biggest industrial metals consumer China. Meanwhile, increased stock piles in the physical markets also weighed on the red metal rates.

The contract for February delivery was trading at Rs 447.30, down by 0.41% or Rs 1.85 from its previous closing of Rs 449.15. The open interest of the contract stood at 12387 lots.

The contract for April delivery was trading at Rs 452.15, down by 0.36% or Rs 1.65 from its previous closing of Rs 453.80. The open interest of the contract stood at 2914 lots on MCX.



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