India Copper Extended Losses for Fourth Day
India copper futures extended losses for a fourth day on Wednesday, as slipping equity markets and a stronger dollar weighed on prices. The most-active August copper contract MCCQ9 was 1.53 percent lower at 292.55 rupees per kg at 5:42 p.m., after losing 4 percent in the last three sessions.
Tejas Seth, senior research analyst with SMC Global, stated:
Currently its dollar and equity markets that is pushing copper down.
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Wed, Aug 19, 2009
Post by Mike Rodger, Copper Reporter