BEIJING, Oct 9 (Reuters) - Prices of copper opened higher on Monday after a weekly decline, as resilient demand in top consumer China lent some support, but worries over more interest rate hikes by the U.S. Federal Reserve weighed on sentiment.
Three-month copper on the London Metal Exchange was up 0.8% at $8,110 per metric ton by 0144 GMT after losing 2.7% in the prior week.
China's markets reopened after a week-long public holiday on Monday.
The most-traded November copper contract on the Shanghai Futures Exchange added 0.2% to 67,360 yuan ($9,229.29) per ton.
Demand for copper and aluminium in China has been surprisingly robust despite the country's property sector crisis, driven by orders from the home appliance, electric vehicle, solar and wind sectors.
That lent support to otherwise weak copper prices globally and drove up aluminium prices in the world's biggest metals consumer, according to traders, analysts and producers.
Friday data showed U.S. employment increased by the most in eight months in September as hiring rose broadly, pointing to persistent labor market strength that could give the Fed ammunition to raise interest rates again, though wage growth is slowing.
Meanwhile, the copper market will transition from supply-demand balance in 2023 to a major supply surplus next year, according to the International Copper Study Group (ICSG).
LME aluminium edged up 0.1% at $2,242.50 a ton, tin gained 1% to $24,900, zinc added 1.2% to $2,539.50 and lead climbed 1.1% to $2,168, while nickel fell 0.7% to $18,455.
SHFE zinc rose 1.9% to 21,910 yuan a ton, lead ticked up 1.2% to 16,740 yuan, while nickel fell 2.3% to 148,880 yuan, tin slipped 1.7% to 214,260 yuan and aluminium lost 1.1% to 19,285 yuan.
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($1 = 7.2985 Chinese yuan renminbi)
(Reporting by Siyi Liu and Dominique Patton; Editing by Dhanya Ann Thoppil)
