Copper futures traded on the Shanghai Futures Exchange (SHFE) ended lower on Monday, due to investors' profit taking. The Shanghai benchmark copper contract for August delivery closed 1.15 percent lower at 43,650 yuan/metric ton (tonne) on Monday.
The SHFE copper's recent performance implied no obvious sign of recovery. Concerns about the outlook for the red metal on the domestic market will still weigh on the price, said analysts. Copper traded at the Changjiang Nonferrous Metal Market, a major spot metals market in Shanghai, was quoted at 43,900-44,010 yuan/tonne on Monday, down 520 yuan from the previous trading day. On Monday, other SHFE metals also closed lower with the benchmark aluminum, zinc, lead, nickel and tin down 0.23 percent, 1.22 percent, 0.71 percent, 1.18 percent and 0.17 percent, respectively.
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