Copper Futures Plunge 2.02% On Global Cues

Copper futures slipped over 2 percent during evening trade in the domestic market on Monday as investors and speculators exited their positions in the industrial metal as supply concerns ease after workers agreed to end a strike at Escondida, the world’s top copper mine, in Chile. Besides, the prices of copper were also dragged down as risk appetite fell after Trump’s defeat in pushing through healthcare reform raised concerns over his ability to realise his economic agenda.
At the MCX, copper futures for April 2017 contract is trading at Rs 373.05 per kg, down by 2.02 per cent, after opening at Rs 378.90, against a previous close of Rs 380.75. It touched the intra-day low of Rs 372.60 (at 16:04 hours).
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