Renewed concerns that China will undertake measures to tackle asset price gains saw copper erase its previous gains in trading today (Friday).
Bloomberg reports that those involved in commodities trading saw the three-month copper slip by 0.2 per cent on the London Metal Exchange to $9,911 (£6,203) per metric tonne, with contracts in New York and Shanghai also falling.
According to a report in the China Securities Journal, the country's central bank has imposed differentiated reserve requirement ratios on a selection of small and medium-sized lenders and this is weighing on investor sentiment.
"The impact is really on market sentiment rather than having any real effect on combating inflation," Li Rong, chief analyst at Great Wall Futures Co, told the news agency.
Tin also saw falls after reaching a record high of $31,800 a tonne, with Daniel Briesemann, an analyst at Commerzbank, telling Reuters that supply constraints are a factor in the decrease of both commodities.
