India, June 11 -- Copper futures continued their downward trend on Thursday, marking a fifth straight day of losses as subdued demand from domestic consuming industries weighed on sentiment.
On the Multi Commodity Exchange (MCX), copper contracts for June delivery eased by 55 paise to trade at Rs 1,313 per kg, with trading volumes reaching 15,571 lots. The metal had settled at Rs 1,313.55 per kg in the previous session.
Market participants attributed the decline to muted demand in the physical market, which continued to exert pressure on copper prices despite active trading in futures contracts.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....