Copper prices fell on Wednesday in Shanghai, as investors reduced risk exposure amid uncertainty caused by a power curtailment and ahead of a major holiday in China.
The most-traded November copper contract on the Shanghai Futures Exchange fell 0.9 percent to 68,600 yuan ($10,609.00) a ton at 0300 GMT, while three-month copper on the London Metal Exchange dipped 0.1 percent to $9,264 a ton.
Power restrictions in China have hurt supplies of some metals in recent months, but electricity curbs recently spread to more downstream sectors and dampened manufacturing, hu rting the demand for metals.
Meanwhile, Chinese stainless steel futures dropped more than 3 percent on Wednesday, declining for a fourth straight session, as demand for the metal was dampened by slowing manufacturing activities amid a power crunch in the country. -Reuters
