Commodity Watch: Copper futures declined nearly 2%

New Delhi: Copper prices declined nearly 2 per cent to Rs 1,208.50 per kg in futures trade as market participants trimmed positions due to sluggish demand and weak global trends.

On the Multi Commodity Exchange (MCX), copper futures for February delivery depreciated Rs 21.25, or 1.73 per cent, to Rs 1,208.50 per kg in a business turnover of 13,884 lots. Similarly, the March contract of the metal dropped by Rs 25, or 2 per cent, to Rs 1,233.80 per kg in 5,302 lots on the MCX.

Aluminium futures rise on high bets

Aluminium futures staged a smart recovery in the futures trade, reversing its early losses as traders engaged in value buying despite a weak trend in the international markets. Aluminium futures for February delivery opened lower and slipped 2.72 per cent.

Zinc futures recover after early slide

Zinc futures recovered in futures trade on Monday after an early fall, as traders engaged in bargain buying at lower levels despite weakness in the global base metal markets.