Indian MCX copper declined significantly on the back of short positions increase in the metal. Deprived Copper showed further losses of 0.35 percent in the session gone by. At the time of closing Copper was at Rs 365.5 per kg.
Copper drifted on Thursday as markets were underwhelmed by US President Donald Trump's proposed tax cuts and the focus shifted to concerns over China's manufacturing growth.
The pace of expansion in China's manufacturing sector likely slowed this month, a as per polls, as factory-gate prices lost steam and authorities moved to tackle risks in the property market and credit growth. Data is due on Sunday, April 30.
Chinese industrial firms' liabilities rose 6.6 percent from a year earlier as of end-March, compared with an increase of 6.6 percent in the first two months of 2017.
President Donald Trump unveiled a one-page plan on Wednesday proposing deep U.S. tax cuts, many for businesses, that would make the federal deficit balloon if enacted.
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