Base metals futures gained some points on Friday on LME as the dollar fell further against the euro during the day. Aluminium was the leader for the day, gaining over 2 percent on LME.

Base metals declined on MCX on Saturday on the back of demand concerns worldwide and profit taking. Lead futures took the biggest hit, falling by around 1 percent on MCX.

China's commodity buying arm, the SRB, is believed to have purchased around 300,000 tonnes of refined copper since the start of the year and Macquarie said there is talk SRB has sold around 50,000 tonnes of the red metal and could sell more than 100,000 tonnes in coming weeks.

China's imports of refined copper hit a record 337,230 tonnes in May, up from a previous record of 317,947 tonnes in April and 258 percent higher than a year earlier, official customs figures showed on Monday.

China, the world's top consumer of many base metals, imported 259,095 tonnes of primary aluminium in May, down from a record 362,400 tonnes in April but up 2,414 percent from the same month last year.

Base metals may trade sideways to down during the day on the back of raised demand concerns. Though China released robust import data, it is believed that we may see some sell off at these levels by China. Aluminium is the only metal that does not look weak as its futures are trading at a premium of $75 in China and Russia.