India, June 3 -- Copper futures edged lower on Wednesday as subdued demand from domestic consuming industries weighed on sentiment in the commodity market.
On the Multi Commodity Exchange (MCX), copper contracts for June delivery declined by Rs 3.05, or 0.22%, to Rs 1,376.25 per kilogram, with a business turnover of 17,698 lots.
Market participants attributed the decline to muted demand in the domestic spot market, which led traders to trim their positions in copper futures.
The weakness in prices reflects cautious buying interest from industrial consumers amid softer demand conditions in the physical market.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....