Copper futures decline on weak demand

Copper futures traded 0.34 per cent lower at Rs 442.25 per kg in futures trade on Wednesday as speculators reduced their exposure on weak spot demand. On the Multi Commodity Exchange, copper contracts for December delivery fell by Rs 1.50, or 0.34 per cent, to Rs 442.25 per kg in a business turnover of 1,980 lots.

Similarly, copper contracts for January delivery traded lower by Rs 1.85, or 0.41 per cent, at Rs 447.15 per kg in a business turnover of 105 lots. Traders said weak demand in spot market mainly pushed down copper prices.