As of 0755 GMT, the most traded December copper contract on the (SHFE) Shanghai Futures Exchange was up by 0.3% at 65,780 yuan ($9,061.11) a metric tonl.

In anticipation of China easing its rigorous COVID-19 limitations. Which might increase metals demand, London copper prices rose 7.3% last week, their strongest weekly rise since March. While Shanghai Futures Exchange copper reached its highest level since June 20 on Monday.

Metals prices fell, though, as Chinese authorities maintained their support for strong regulations to stop coronavirus outbreaks.

The overall level of price fluctuation for copper has greatly increased recently. Short-term orders should be purchased when needed, while long-term strategic inventory reserves should be avoided for the time being .”

On Monday, China’s weak economic figures contributed to a general decline in risk sentiment and metals demand. While a stronger dollar made commodities priced in other currencies more costly for holders among those currencies.

LME lead decreased 1.1% to $2,014 per tonne, zinc decreased 0.6% to $2,869 per tonne. And tin increased 1.7% to $19,255 per tonne. Aluminium down 0.1% to $2,334 per tonne.