Copper futures traded down on MCX as investors and speculators exited positions on caution ahead of the Chinese manufacturing data to be released tomorrow which may show a contraction for a fourth month on the trot in April, indicating a deepening slowdown in the world’s second biggest economy, signaling a gloomy demand outlook for industrial metals.
The contract for April delivery was trading at Rs 406.20, down by 0.47% or Rs 1.90 from its previous closing of Rs 408.10. The open interest of the contract stood at 19180.00 lots.
The contract for June delivery was trading at Rs 408.90, down by 0.52% or Rs 2.15 from its previous closing of Rs 411.05. The open interest of the contract stood at 2578.00 lots on MCX.
No comments:
Post a Comment