Copper futures traded lower on MCX as speculators trimmed positions amid a weak trend at the spot markets on low demand. Though, some losses were capped due to gains in base metals at the London Metal Exchange (LME) amid signs of stabilisation of China's economy.
The contract for November delivery was trading at Rs 327.85, down by 0.21% or Rs 0.70 from its previous closing of Rs 328.55. The open interest of the contract stood at 21978.00 lots.
The contract for February delivery was trading at Rs 334.35, down by 0.28% or Rs 0.95 from its previous closing of Rs. 333.40. The open interest of the contract stood at 519.00 lots on MCX.