London copper futures rose on Friday on the back of a fall in the U.S. dollar

The Labor Department reported on Friday that nonfarm payrolls rose by just 38,000 in May, the smallest increase since September 2010
.
The data pointed to a weak job market, which could make it difficult for the Fed to raise interest rates
.
The dollar index fell 1.
5% to a three-week low, dragged down by weak data, boosting metal prices
.

Falling inventories in Shanghai also supported copper prices
.
Data released on Friday showed copper inventories on the Shanghai Futures Exchange fell again this week, accumulating a 47 percent
decline since mid-March.
London Metal Exchange (LME) copper inventories also fell by 35%
during the year.

However, analysts said weak seasonal demand had added to the pressure on copper prices, as evidenced by the scarcity of buying in China's physical market
.
There is not much help
on the demand side.
Prices continue to fall, supply is on the high side, and even spot premiums are very low
.

Caixin's China's services PMI continued to fall in May, with a number of indexes, including new business, falling, while the composite PMI index hit a three-month low, reflecting a slight weakening of China's economic growth momentum and the need to further release the development potential
of the service sector.
China's services purchasing managers' index (PMI) fell 0.
6 points to 51.
2 in May from the previous month, falling for the second consecutive month, and the composite PMI for the month was 50.
5, down 0.
3 points
from April, Caixin/Markit jointly reported on Friday.

Three-month copper on the London Metal Exchange rose 0.
9% to $4,649.
50 a tonne, after closing essentially flat
in the previous session.
Copper prices hit a one-week low of $4,565.
50 a tonne on Wednesday and are likely to post a 1% decline this week
.
The price is now falling to a more than six-year low of $
4,318.