Copper futures were trading down on Monday on demand concerns after mixed economic reading from top consumer China. Data showed that China’s retail sales rose just 3.0% in November against market forecasts of 4.6%. Chinese industrial production was much as expected, while house prices were still falling at a slower pace. Although, weak dollar limited further falls in copper prices.
Copper futures for March delivery fell $0.0220 or 0.52% at $4.1750 a pound on the Comex metals division of New York Mercantile Exchange.