NEW YORK (Reuters) - The London Metal Exchange (LME) contract fell Thursday after the Federal Reserve said it would maintain its rate hike this year, reducing liquidity in support of the market.

    Sources said China plans to 2015 economic growth target fell to around 7%, which will be the lowest target in 11 years. Policymakers are trying to cope with a slowdown in economic growth, job creation, and reforms to make the economy more market-driven.

    "Copper prices are looking up and down, but they tend to move lower in Asia, especially in the region," said ANZ analyst Daniel Hynes.

    "Asian market demand is indeed sluggish, especially in the first half, we see the market rallies to sell, the European market is supported by the European Central Bank measures.

    0723 GMT, the London Metal Exchange (LME) three-month copper fell 1.2 percent to 5,417 US dollars per tonne, reversing yesterday's rally, and touched on Monday's five and a half low $ 5,339.50 per ton not far.

    The Fed said that with the strong growth in employment, the US economy is to "steady pace" expansion, a change in the statement before the "moderate pace of expansion," the wording suggests that the Fed is still prepared to raise interest rates this year. The Fed reaffirms that it will remain "patient" when deciding when to raise the near-zero level, but acknowledges that some inflation indicators are falling.

    April copper futures in Shanghai fell 0.9 percent to 39,320 yuan (6,299 dollars) per ton.

    China's copper spot copper in recent months than Shanghai copper contract discount, indicating that China's physical demand weakened.

    LME nickel fell more than 1%, LME lead fell 1.4%.