Sept 29 (Reuters) - Copper prices rose on Friday but were on track for a second straight quarter of decline, as rising inventories and a rally in the dollar weighed.
Three-month copper on the London Metal Exchange (LME) rose 0.7% to $8,275.50 per metric ton by 0556 GMT. The contract was down 0.5% on a quarterly basis and was also set for the second straight month of decline.
The dollar index rose 3% so far this quarter, on track for the best quarterly performance in a year. A firm dollar makes greenback-priced metals more expensive to holders of other currencies.
LME copper inventories
The Shanghai Futures Exchange was closed for public holidays and will reopen on Oct. 9.
LME zinc is on track for its best quarterly performance since the first quarter of 2022, up 10.7% so far.
LME lead rebounded 4.5% so far this quarter, following two quarters of decline.
LME nickel was on track for the third straight quarter of decline. It is the worst performer of all LME base metals, down 36.4% year-to-date.
LME tin is set for its first quarterly drop since the third quarter of 2022 because of a big fall in August.
Yet tin is the only LME base metal to register a gain so far this year, up 2.1%.
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DATA/EVENTS (GMT)
0600 UK GDP QQ, YY Q2
0645 France CPI (EU Norm) Prelim YY Sept
0645 France Producer Prices YY Aug
0755 Germany Unemployment Chg, Rate SA Sept
0900 EU HICP Flash YY Sept
0900 EU HICP-X F, E, A&T Flash MM, YY Sept
1230 US Consumption, Adjusted MM Aug
1230 US Core PCE Price Index MM, YY Aug
1230 US PCE Price Index MM, YY Aug
1400 US U Mich Sentiment Final Sept
(Reporting by Mai Nguyen in Hanoi; editing by Eileen Soreng)
