(Updates prices after Shanghai market close, adds China data in
paragraphs 2 and 7)
Dec 9 (Reuters) - London copper prices edged lower on
Monday as uncertainty over any fresh stimulus signals from
China's leaders this month weighed on sentiment.
Data showing persistent disinflationary pressures in the
metal's top consumer China also soured the mood.
The three-month copper contract on the London Metal Exchange
(LME) shed 0.4% to $9,160 per metric ton, as of 0731
GMT.
The most-traded January copper contract on the Shanghai
Futures Exchange (SHFE) was up 0.3% to 74,740 yuan
($10,269.30).
The market's focus is on China's Central Economic Work
Conference meeting this month, where the country's top leaders
will set economic growth targets for 2025.
So far, investors have faced disappointment due to the lack
of aggressive fiscal stimulus measures by China to boost its
sluggish economy.
"Any signals for higher monetary or fiscal stimulus will be
well received - although it does appear as though markets have a
default setting of being disappointed by Chinese stimulus
efforts so far," said Natalie Scott-Gray, senior metals analyst,
EMEA & Asia at StoneX.
China's consumer inflation hit a five-month low in November
as fresh food prices pulled back while factory deflation
persisted, suggesting Beijing's recent efforts to shore up
faltering economic demand are having limited impact.
LME aluminium fell 0.3% to $2,597 a ton, lead
decreased 0.1% to$2,070, nickel eased 0.3% at
$16,005, tin dipped 0.1% at $29,125, while zinc
added 0.4% at $3,083.5.
SHFE aluminium lost 0.4% to 20,340 yuan a ton, zinc
declined 0.1% to 25,590 yuan, lead fell 0.1%
at 17,740 yuan, while tin gained 0.3% at 244,450 yuan
and nickel rose 1.4% to 127,000 yuan.
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($1 = 7.2780 Chinese yuan)