Copper Futures Slip 0.51% Amid Weak Domestic Demand

Copper futures declined on Thursday as traders trimmed their positions in response to subdued demand in the domestic market. The metal’s June delivery contracts fell by 0.51% to ₹859.70 per kilogram on the Multi Commodity Exchange (MCX).

The price dropped ₹4.40 during the session, with a trading volume of 3,058 lots, reflecting cautious sentiment among market participants.

Analysts pointed to reduced speculative interest and weak industrial demand as the primary reasons behind the price dip. “Lower participation and tepid buying activity are keeping copper prices under pressure,” said a market expert.

The drop in copper futures comes amid broader concerns about industrial demand trends and macroeconomic uncertainties impacting base metal markets globally.