London - Copper was flat on Monday after last week's one percent fall, with a pick-up in factory output in China offset by heightened concerns that the US Federal Reserve will start reducing stimulus as soon as next month.
Also keeping the metal in check, China's Communist Party leaders gathered at the weekend for a landmark conclave, due to end on Tuesday, that will set the economic agenda for the next decade.
“We've got better Chinese data but better US data brings with it the issue of tapering and a stronger dollar. We see prices around current levels or maybe lower through to the year-end,” said Citi analyst David Wilson.
Three-month copper on the London Metal Exchange dipped 0.09 percent to $7,161 a tonne by 13:26 SA time.
A Veterans Day holiday in the United States and armistice remembrance holidays in several European countries, added to the quiet tone in markets.