US copper futures ended lower on Monday after a large build in London warehouse stocks and lingering concerns over China's near-term demand outlook slowed the market's bullish momentum from late last week, analysts said. Copper for July delivery settled down 5.10 cents at $3.7755 a lb on the COMEX metals division of the New York Mercantile Exchange.
Range spanned from $3.7425 to $3.8580 - considered an inside day as it holds inside of Friday's range of $3.7395-$3.8595. By 1 pm EDT (1700 GMT), COMEX copper volumes reached 13,280 lots. Final volumes on Friday totalled 17,102 lots.Open interest in the market rose 934 lots to 99,009 contracts open as of May 16.
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