Shanghai copper falls

The most-traded copper contract on the Shanghai Futures Exchange closed down 1.2 percent at 45,080 yuan a tonne on Monday with a stronger dollar pressuring prices although expectations of more stimulus measures in China and Europe put a floor under the market. The global economy ended 2014 in a fragile state as factories struggled to maintain growth across Europe and Asia, business surveys showed, adding to pressure on central banks to implement more stimulus.
"If people follow what has happened in the US and they believe in recovery, you are not going to get an immediate pickup in demand but you will get support to the market," said Jonathan Barratt, chief investment officer at Sydney's Ayers Alliance.