Copper futures slide on weak cues

New Delhi, Jan 16 (PTI) Copper futures on Thursday traded slightly lower at Rs 455 per kg as speculators reduced their exposure on weak spot demand.

On the Multi Commodity Exchange, copper contracts for January delivery fell by 25 paise, or 0.05 per cent, to Rs 455 per kg in a business turnover of 4,843 lots.

Similarly, copper contracts for February delivery traded lower by 5 paise, or 0.01 per cent, at Rs 456.10 per kg in a business turnover of 1,614 lots.

Traders said weak demand in spot market mainly pushed down copper prices here. PTI SHW RVK