Copper succumbs to profit-booking; weak global cues

NEW DELHI: Copper futures prices fell marginally by 0.83 per cent today after speculators booked gains amid a weak trend overseas on demand concerns.
At the Multi Commodity Exchange , copper for delivery in April eased by Rs 3.45, or 0.83 per cent to Rs 429.50 per kg, with a business volume of 4,434 lots.
It had ended 0.60 per cent higher at Rs 432.95 per kg in the previous session.
Similarly, the metal for delivery in June edged lower by 3.65, or 0.83 per cent to Rs 440.25 per kg, with a trade volume of 1,076 lots.
Market analysts said apart from profit-booking by speculators, weak trend at Shanghai and US market on worries about credit conditions in China, mainly put pressure on the copper futures prices here.

(Source: http://economictimes.indiatimes.com/markets/commodities/copper-succumbs-to-profit-booking-weak-global-cues/articleshow/8078800.cms)