Copper futures settled lower on Wednesday due to demand concerns following weaker-than-expected Chinese trade data. Meanwhile, investors are cautiously awaited the upcoming US consumer inflation report and Federal Reserve meeting for directional cues. However, a weaker US dollar and expectations of more stimulus measures to bolster economic growth in China, limited further fall in red metal prices.
Copper futures for July delivery lost $0.0125 to settle at $3.7560 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.55 percent at $8,293.50 a ton.