Copper futures ease on low demand

New Delhi, Mar 18 () Copper futures on Wednesday slumped 3.1 per cent lower at Rs 395.45 per kg after participants offloaded their positions on weak spot demand.

On the Multi Commodity Exchange, copper contracts for March delivery fell by Rs 12.65, or 3.1 per cent, to Rs 395.45 per kg in a business turnover of 7,011 lots.

Similarly, copper contracts for April delivery traded lower by Rs 13.45, or 3.27 per cent, to Rs 397.50 per kg in a business turnover of 570 lots.

Traders said subdued demand in spot market mainly pushed down copper prices here. VHP SHWSHW