Copper futures ended lower in the domestic market on Tuesday as market players looked ahead to key economic data later in the week which could provide more evidence of a slowdown in China. China is to release data on second quarter gross domestic product on Wednesday, as well as reports on industrial manufacturing, retail sales and fixed-asset speculation for June. Market analysts expect China's economy to grow 6.9% in the three months ending June 30, down from growth of 7.0 per cent in the preceding quarter. Sentiment weakened further due to the surge in the copper stockpiles at the London Metal Exchange (LME) on account of the weak demand for the commodity. LME copper stocks mount by 6750 metric tonnes to 338200 metric tonnes as on July 14, 2015. Copper prices may decline as traders keep an eye on upcoming global data. At the MCX, Copper futures for August 2015 contract ended at Rs. 358.10 per 1 kg, down by 0.36% after starting at Rs.358.85 against the last closing price of Rs. 359.40. It touched the intra-day low of Rs. 354.50 till the closing.
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