London copper futures held steady on Tuesday as China closed trading light

However, the week-long holiday in China led to light trading
.
ANZ wrote in a report that commodity markets may remain light
this week due to China's Golden Week holiday.

In China, the stock market was closed this week for the National Day holiday and resumed trading
next Monday.
While the recovery in the property market is fueling metal demand, Chinese authorities have taken steps
to fear a property bubble.
Following the introduction of new policies in Beijing and Tianjin on the eve of the National Day holiday, Chengdu and Zhengzhou issued real estate purchase restrictions on the first day of the November holiday, of which Chengdu implemented a regional purchase restriction on one house
.

China is the world's largest consumer of copper, accounting for 45%
of total global demand.
Barclays analysts said in a note to investors that given China's unpredictability, the market is still worried that any sign of China's economic weakness could lead to a sharp decline
in international copper prices.

In the US, manufacturing activity rose again in September after a month of contraction, indicating that the US economy is weathering the drag
of the global economic sluggishness.
The Institute for Supply Management (ISM) reported that the manufacturing index rose to 51.
5 in September from 49.
4 in the previous month, better than the forecast in the survey
.
The ISM New Orders Index rose to 55.
1 from 49.
1 in August, suggesting that manufacturing sales are expected to rise
in the future.

At 0705 GMT, three-month copper fell 0.
2% to $
4,809 a tonne.