Breaking News

You are here » Indian-Commodity  :  Commodities  :  Copper  :  Copper futures trade lower on MCX

10-Aug2018

Copper futures trade lower on MCX

Copper futures traded lower on MCX, due to fresh selling by market players in line with the news that United States geared up to begin collecting tariffs on a further $16 billion of Chinese goods later this month. Even though, a weaker dollar trimmed the downward momentum.

The contract for August delivery was trading at Rs 418.90, down 0.53% or Rs 2.25 from its previous closing of Rs 421.15. The open interest of the contract stood at 28324 lots.

The contract for November delivery was trading at Rs 426.10, down by 0.53% or Rs 2.25 from its previous closing of Rs 428.35. The open interest of the contract stood at 828 lots on MCX.


Related News

View all news

Copper futures end tad higher on upbeat trade talk

Copper futures ended marginally higher on Wednesday due to upbeat comments from US President Donald Trump about a potential trade deal with China. Trump said he would intervene in the Justice Department's......

Copper futures end higher on Tuesday

Copper futures ended higher on Tuesday as investor appetite for riskier assets returned following a sell-off in the previous session. Boosting equities and metals were discussions between representatives......

Copper futures end higher on Tuesday

Copper futures ended higher on Tuesday as investor appetite for riskier assets returned following a sell-off in the previous session. Boosting equities and metals were discussions between representatives......

Top News

View all news

Patels Airtemp receives settlement notice from SEBI

Patels Airtemp (India) has received from SEBI, Summary Settlement Notice vide its Letter dated December 12, 2018 for settlement amount of Rs 3,68,156 against violation of Regulation 7(2)(b) of SEBI (Prohibition......

IndiGo in initial discussion with Qatar, Turkish Airlines for global expansion: Report

In order to increase its global footprint, InterGlobe Aviation (IndiGo) is reportedly in preliminary discussion with Qatar Airways and Turkish Airlines. The Budget carrier is looking for interline and......

Talwalkars Lifestyles integrates with Growfitter

Talwalkars Lifestyles has integrated with Growfitter to introduce the country's first ever AI (Artificial Intelligence) based Incentivized Wellness Program. The Growfitter FITKIT Program is a technologically......