The three-month spot on the London Metal Exchange (LME) CMCU3 was down 0. 4% to $8,827. 50 per ton, while the most traded September contract on the Shanghai Futures Exchange (SHFE) SCFcv1 fell 0. 1% to 71,370 yuan ($9,948. 15) per ton.
The price of copper, often regarded as an indicator economic, fell earlier last week as concerns about the U. S. recession caused a sell-off in financial markets.
Market sentiment improved after data showed on Thursday that the number of Americans applying for new unemployment benefits fell more than expected.
The U. S. will release consumer prices on Wednesday, where economists expect a 0. 2% rise in both headline and core prices, while annual core prices fall slightly to 3. 2%.
China will release figures on retail sales and industrial production this week, which are expected to show the economy continues to operate inefficiently, underscoring the need for additional stimulus measures.
Demand for metals used in the electricity and construction sectors has slowed this year, but recent price declines have encouraged more buying activity in China.
LME's CMAL3 aluminum held steady at $2,302/ton, nickel CMNI3 declined 0. 3% to $16,100, lead CMPB3 increased by 0. 4% to $2,046. 50, tin CMSN3 rose 0. 2% to $31,350 and zinc CMZN3 fell 0. 1% to $2,734.
SHFE's SAFcv1 aluminum nearly crossed the line at 10,095 yuan a ton, nickel SNIcv1 fell 1. 3% to 127,880 yuan, zinc SZNcv1 increased 2. 2% to 22,885 yuan, lead SPBcv1 rose 1. 4% to 17,930 yuan and tin SSNcv1, which was up 1% to 255,970 yuan.
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