Copper trading range for the day is 320.3-331.3. Copper prices dropped as worries over demand in top consumer China outweighed support from a softer dollar.
Chile is expected to produce 5.77 million tonnes of the metal in 2016 and prices for the industrial metal are seen averaging $2.15 a pound for the year.
Copper inventories on the SHFE fell by 28,983 tonnes in the week ending Apr. 15, but the declines slowed down to 253 tonnes in the week ending Apr. 22.
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