The most-traded September copper contract on the Shanghai Futures Exchange climbed 0.3 percent to 50,940 yuan a tonne on Monday. Shanghai zinc was up by 1.5 percent at 16,505 yuan ($2,700) a tonne, having earlier reached 16,550 yuan a tonne - the highest since February 2013. But uncertain demand from China, the world's top consumer of most commodities, is expected to cap gains in metal prices.
"Sluggish growth in galvanised steel sheet production in China year to date ... and subdued Chinese construction do not support a bullish demand picture," Citi said in a research note. Markets will be watching for China's money supply figures this week which may flag an improvement in factory activity in the coming months. China's GDP and industrial output figures on Wednesday this week will also give fresh direction.
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