BEIJING, March 10 (Reuters) - Copper prices fell on Friday and were set for a weekly decline amid fears of further interest rate hikes for longer by the U.S. Federal Reserve, while rising supplies also weighed on sentiment.
Three-month copper on the London Metal Exchange was down 0.7% at $8,792 a tonne by 0136 GMT. It has lost 2.1% this week.
The most-traded April copper contract on the Shanghai Futures Exchange declined 0.5% to 68,990 yuan ($9,910.65) a tonne.
Federal Reserve Chairman Jerome Powell's remarks about upcoming interest rate hikes aimed at fighting stubbornly high inflation exacerbated concerns over economic activities and global demand of industrial metals.
Investors are awaiting U.S. non-farm payrolls and unemployment data due at 1330 GMT.
Improved situations in Peru, Indonesia and Panama eased supply worries, although Fitch Ratings warned on Thursday of possible lack of supplies and issues transporting ore to ports in Peru.
China, the world's top copper smelter, produced 907,800 tonnes of refined copper in February, up 6.5% on-year and slightly higher than the expected 900,000 tonnes, according to Shanghai Metals Market, anticipating March output to reach 949,500 tonnes.
LME aluminium shed 0.4% to $2,318 a tonne, zinc dropped 0.8% to $2,950.50, lead dipped 0.2% to $2,079 and tin fell 1.9% to $22,920 a tonne.
SHFE aluminium lost 1.5% to 18,235 yuan a tonne, nickel fell 3.5% to 180,650 yuan, zinc slid 1.8% to 22,840 yuan, lead eased 0.2% to 15,145 yuan, and tin shed 3.6% to 187,480 yuan a tonne.
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($1 = 6.9612 Chinese yuan renminbi) (Reporting by Siyi Liu and Dominique Patton; Editing by Rashmi Aich)
