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30-Apr2019

Copper futures trade lower on weak China data

Copper futures traded lower on MCX due to concerns on report that the growth in China's factory activity unexpectedly slowed down in April, pointing that the economy is still struggling to regain traction, pressurized the industrial metal rates.

The contract for April delivery was trading at Rs 444.20, down by 0.18% or Rs 0.80 from its closing of Rs 445.00. The open interest of the contract stood at 4037 lots.

The contract for June delivery was trading at Rs 448.60, down by 0.39% or Rs 1.75 from its previous closing of Rs 450.35. The open interest of the contract stood at 8329 lots on MCX.


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