After the Shanghai Futures Exchange raised margin requirements for certain copper contracts, prices Copper prices in China fell on Wednesday.

The most traded copper contract on SHFE has fell by 0.65% to 100,580 yuan ($14,440.15) per metric ton at 03:30 GMT.

The three-month copper reference price on However, London Metal Exchange grew by 0.65% to reach $12,836.50 per ton.

The SHFE announced on Tuesday that it would increase the margin ratios and would expand daily price limits for some metals, including copper, aluminum, gold, and futures contracts the money, starting with the payment on 22 January.

Copper in Shanghai has gained 1.58% since the start of the year, after setting a record of 105,870 yuan per ton.

Copper was also under pressure from a sluggish consumer demand, as its price remains high.

The Yangshan copper premium, indicator of the Chinese demand for imported copper stood at 26 dollars per ton on Tuesday, its lowest level since the end of July 2024.

Elsewhere, pewter was the only base metal in advance among SHFE metals, with the most active contract increasing by 1.79% at 402,600 yuan per ton, while it posted the highest increases on the LME, up 2.20% to 50,500 dollars per ton.

Among other SHFE base metals, aluminum has fell by 0.35%, zinc lost 0.68%, lead fell by 0.81% and the nickel fell by 1.16%.

On the LME, aluminum has increased by 0.64%, zinc by 0.33%, lead by 0.27% and nickel by 1.08 %.