Under pressure from rising stocks and strengthening the US dollar, the copper should end a volatile week with a fall on Friday.

Copper, the most traded commodity in Shanghai Futures Exchange fell 2.07% to 100,380 yuan (14%). ($463.98) per metric ton at 3:10am GMT and is expected to end the week. down by 7.34%.

It fell by up to 4.47% to 97,920 yuan earlier in the session.

The three-month copper reference price on London Metal Exchange fell by 0.59% to $12,827.50 per ton, preparing to record a weekly decline of 2.52%.

It had previously dropped as much as 2.91%.

Copper joined gold and silver in a more general correction, with investors liquidating their long positions after copper hit a record high on January 29.

LME copper stocks have been on the rise since the in mid-January and amounted to 180,575 tons on Wednesday.

Comex copper totaled a record 586,429 short tons (531,999.44 tons).

SHFE copper stocks hit their highest high level since April, at 133,004 tons.

Elsewhere on the SHFE, aluminum fell by 0.97 %, zinc lost 0.65%, lead fell by 0.15%, nickel lost 2.35 % and tin fell by 5.60%.

On LME, aluminum and zinc fell by 0.05% and 0.08% respectively, lead fell by 0.20%, nickel lost 1.15% and tin 2.01%