BENGALURU- Copper futures inched lower on Monday, as a firmer dollar and concerns over muted demand from top consumer China kept traders on the sidelines.
Three-month copper on the London Metal Exchange was down 0.2 percent at $9,661.5 per metric ton. Prices have fallen 13 percent after scaling to an all-time high above $11,100 last month.
The most-traded July copper contract on the Shanghai Futures Exchange lost 1.5 percent to 78,490 yuan ($10,809.21) a ton.
The US dollar hovered near an eight-week peak as traders look forward to fresh clues on the US inflation path this week that will likely influence interest rates.
A stronger dollar makes greenback-priced metals less attractive to buyers holding other currencies.
Copper stocks in the SHFE have increased tenfold since the beginning of the year to 322,910 tons, indicating ample supply in China.
Fiscal revenue in China fell 2.8 percent in the first five months of 2024 from a year earlier, official data showed, as weak demand drags on the economic recovery.
LME aluminum slipped 0.3 percent at $2,507 a ton, nickel rose 0.5 percent to $17,315, zinc was steady at $2,841.5, lead shed 0.3 percent to $2,184.5, and tin was up 0.3 percent at $32,765.
