Copper futures ended lower in the domestic market on Wednesday as investors and speculators exited positions in the industrial metal amid concerns that slowing economic growth and rising default risks in China, the world’s biggest metals consumer, may hit the demand for copper. Rising stockpiles of the metal also signaled abundant global supplies amid subdued demand.
At the MCX, Copper futures for April 2014 contract closed at `397.10 per 1 kg, down by 1.45 per cent after opening at `403 against the previous closing price of `402.95. It touched the intra-day low of `395.50 till the closing.
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