London copper futures hovered low on Wednesday and the market traded relatively lightly

Analysts pointed out that due to China's departure this week, the metal market is not expected to change much, but it has to be doubted that the recent sharp decline in gold prices and the recovery of the dollar may begin to affect prices
at some point.
The turning point could come on Friday, the day
of the release of the US non-farm payrolls data.
A stronger-than-expected data should push the dollar higher and put pressure
on commodities.
During the day, the dollar index rose 0.
6% on the back of the pound falling to a 31-year low against the dollar on concerns about the impact
of Brexit on the British economy.

A wave of economic data will be released in the coming weeks that is expected to show a modest improvement
in the third quarter as the government spends heavily on infrastructure and a boom in the property market.
Market participants said that the current cautious attitude towards China is more than before, but some economic data this quarter was strong, including industrial production data
.
New infrastructure projects are starting to be seen now, so if private investment starts to grow, it will be the last factor
to boost China's economic growth that accelerates slightly and sustains over the long term.

Copper is currently receiving strong support in the $4730-4745 range, where its 100-day and 200-day moving averages also fall.

Heading into the fourth quarter, China's metal demand is expected to slowly but steadily improve
.
Intraday three-month copper fell 0.
4 percent to $4,785 a tonne, down slightly last day and hitting a one-week low of $
4,780.

This week, due to the long National Day holiday, the Shanghai Futures Exchange is closed for the third consecutive day and will open
next Monday (October 10).