July 19 (Reuters) - Most base metals prices fell on Friday, with copper prices hitting a more than three-month low, due to a lack of stimulus measures from top consumer China.
Three-month copper on the London Metal Exchange (LME) rose 0.3% to $9,409 a metric ton at 0249 GMT, paring losses after falling as much as 0.6% to $9,328.50 earlier in the session, its lowest since April 11.
The most-traded August copper contract on the Shanghai Futures Exchange (SHFE) fell 1.9% to 76,680 yuan ($10,552.54) a ton. Earlier in the session, it lost as much as 2.4% to 76,300 yuan, the lowest since April 11.
For the week, LME copper was down 4.8%, on track for its biggest weekly fall since November 2022. SHFE copper was down 3.2% week-on-week.
China's key political meeting this week did not provide any details on further stimulus measures. Even though market participants did not have high hope for a specific measure, the lack of policy support could weigh on metal demand prospects.
Other metals also hit multi-month lows.
LME aluminium hit the lowest since April 3 of $2,367.50 a ton, and SHFE aluminium fell as much as 0.9% to 19,535 yuan, the lowest since March 28.
LME nickel hit $16,385, a four-month low.
Both nickel and aluminium were weighed down by rising output in their major producing countries.
LME lead eased 0.2% to $2,152, tin declined 0.3% to $31,515 while zinc edged up 0.1% at $2,812.
SHFE nickel eased 0.2% to 130,530 yuan, zinc fell 0.7% to 23,520 yuan a ton, lead shed 0.6% to 19,800 yuan and tin dropped 2.7% to 261,830 yuan.
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DATA/EVENTS (GMT)
0600 UK Retail Sales MM June
0600 UK Retail Sales Ex-Fuel MM June
0600 UK Retail Sales YY June
($1 = 7.2665 yuan) (Reporting by Mai Nguyen in Hanoi; Editing by Rashmi Aich)
