Copper Prices Slided by 1.62 %

Copper prices slided by 1.62 % on Tuesday at the domestic markets after data showed that boom in China decrease to the lowest level in five years, underlying concerns over a slowdown in the world's second biggest economy which decreased the desired outlook for the metal. A government report released earlier showed that Chinese boom for January break to 0.8 % the lowest since November 2009, from 1.5 % in December. At the MCX, copper futures for February 2015 contract were trading at Rs. 349.60/1 kg, downward by 1.62 %, after opening at Rs. 354.10 against the last day of ending price of Rs. 355.35. It touched the intra day low-lying of Rs. 349.55 till the trading.