According to foreign news on December 5th, copper futures on the London Metal Exchange (LME) fell on Thursday, dragged down by low risk appetite and uncertainty in copper consumption demand. On December 5th at 17:00 London time (December 6th at 01:00 Beijing time), LME three-month copper futures fell $8.5, or 0.09%, to close at $9074.5 per ton.
Alastair Munro, Senior Base Metals Strategist at broker Marex, said: 'Copper is in range volatility because people have exited and have no risk appetite.' LME copper has fallen 10% since hitting a four month high on September 30th,. Investors are paying attention to the meeting later this month to find information about stimulus measures. The January copper contract with the highest trading volume on the Shanghai Futures Exchange (SHFE) closed down 0.3% at 74530 yuan per ton. In terms of other metals, three-month aluminum closed down $7.5, or 0.28%, to $2639 per ton. Munro stated that it was hit by manufacturer selling in the vicinity of $2700. Affected by short covering, LME three-month lead closed up $12, or 0.58%, at $2098.5 per tonne, hitting $2100 during trading, the strongest since October 17th.