Copper prices on first trading session of the week crumbled down in conjunction with strong dollar and weak commodity market, as investors went selling off as they lost hopes for more urgent stimulus measures after US employment reading came out better than expected.
The red metal also dipped as traders went cautious ahead of data from top consumer China later this week, which might provide clues on demand.
Copper for three-month delivery on the London Metal Exchange fell by 1.1% to $8,200.50 per tonne. While the most active January copper contract also eased by 1.1% to 59,120 yuan, on the Shanghai Futures Exchange.
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