Markets have remained reasonably stable over the past week with only minor changes pricing.
**** Shanghai copper drops on China demand worries ****
SINGAPORE, March 19 (Reuters) – Shanghai copper fell 0.7 percent on Monday, as indications of a weakening property market in China added to worries about demand from the top consumer of the metal.
Chinese home prices fell in February from January for a fifth consecutive month and are expected to continue heading south in coming months.
A cooler property market not only depresses demand for base metals and steel as construction materials, but also dampens consumption from the home appliances sector, which is another key consumer of copper.