Copper falls on firm US dollar, property worries

Troubles in China’s real estate sector, which accounts for a vast amount of metals demand, have been weighing on metals prices. — Reuters

Shanghai: Copper prices fell yesterday, as a firm US dollar and concerns in the Chinese property market weighed on sentiment, but slowing industrial profits decline lent prices some support.

The most-traded November copper contract on the Shanghai Futures Exchange fell 0.6% to 67,140 yuan per tonne yesterday, and three-month copper on the London Metal Exchange was almost unchanged at US$8,092 a tonne.