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Copper futures fell in the domestic market on Thursday as investors and speculators exited positions in the industrial metal as weak US economic data signaled concerns over copper’s demand outlook.
Manufacturing activity in Kansas City shrank in February with the manufacturing gauge falling to -12 this month, the lowest since 2009, from -9 in January, as a reading below 0 signals contraction.
At the MCX, Copper futures for February 2016 contract closed at Rs.315 per 1 kg, down by 0.97 per cent, after opening at Rs. 317, against the previous closing price of Rs. 318.1. It touched the intra-day low of Rs. 314.
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