Copper tilts lower on rising dollar

Copper prices fell on Monday, after rising earlier in Asian trading, as the US dollar edged higher against most majors.

Copper was lifted after Chinese data showed that warehouse stocks fell to more than 12-year low, thanks to strong demand for refined copper.

3-month copper futures in the London Metal Exchange rose 0.5% to $9,3800.5 per tonne.

Copper stocks in Chinese warehouses reached the lowest level since June 2009 at 44,629 tonnes, during the seven days ending last Friday.

The dollar index rose against a basket of major currencies by 0.1% to 93.4 points as of 13:30 GMT, after hitting a high of 93.4 points and a low of 93.2 points.

Copper September futures fell 0.3% to $4.27 per pound as of 13:28 GMT.