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31-Jan2019

Copper futures trade tad lower on MCX

Copper futures traded marginally lower on MCX, due to liquidation of portfoilios as an economic slowdown in top metals consumer China subdues demand. However, firmness in London copper capped the downside.

The contract for February delivery was trading at Rs 436.40, down by 0.07% or Rs 0.30 from its previous closing of Rs 436.70.The open interest of the contract stood at 12328 lots.

The contract for April delivery was trading at Rs 441.40, down 0.16% or Rs 0.70 from its previous closing of Rs 442.10. The open interest of the contract stood at 2821 lots on MCX.


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