Copper futures ended lower on Monday as steady dollar ahead of US inflation data kept copper prices under pressure. However, Chinese central bank is set to cut the reserve requirement ratio by 50 basis points for all banks, a move that will release around 1 trillion yuan in long-term liquidity into the economy, supported red metal prices and capped further fall.
Copper futures for September delivery lost $0.0295 to settle at $4.3160 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 1.16 percent at $9,409 a ton.