Nov 3 (Reuters) - Copper prices rose on Friday and were on track for their second straight week of gains, as a weaker dollar propped up subdued sentiment following poor economic data from top metals consumer China.
Three-month copper on the London Metal Exchange advanced 0.6% to $8,195.50 per metric ton by 0217 GMT, while the most-traded December copper contract on the Shanghai Futures Exchange rose 0.4% to 67,780 yuan ($9,261.71) a ton.
The dollar weakened and was set for a weekly decline as traders wagered that the U.S. Federal Reserve was most likely done with interest rate increases, lifting risk sentiment.
A weaker dollar, dragged by bets of no further rate hikes, made greenback-priced commodities cheaper to buyers using other currencies and offset China's slowing down of activities in the manufacturing sector that consumes a lot of metals.
LME aluminium increased 0.5% to $2,239.50 a ton.
SHFE aluminium eased 0.1% to 19,210 yuan a ton but was set for the biggest weekly gain since Sept. 1, as smelters in China's Yunnan province trimmed production due to limited hydropower sources in the dry season.
LME nickel advanced 0.3% to $18,030 a ton, zinc increased 0.7% to $2,496, lead was up 0.4% at $2,131.50 and tin climbed 1% to $24,200.
SHFE nickel rose 0.8% to 142,750 yuan a ton, lead increased 1.3% to 16,570 yuan, tin advanced 0.7% to 207,020 yuan while zinc fell 0.2% to 21,425 yuan.
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DATA/EVENTS (GMT)
0500 India S&P Global Services PMI Oct
0600 Russia S&P Global Services PMI Oct
0930 UK Composite PMI Final Oct
0930 UK Reserve Assets Total Oct
1000 EU Unemployment Rate Sept
1214 UK Bank of England chief economist Huw Pill
gives an presentation of the central bank's
new forecasts and latest policy decision
1230 US Non-Farm Payrolls Oct
1230 US Unemployment Rate Oct
1345 US S&P Global PMI Oct
1400 US ISM N-Mfg PMI Oct
($1 = 7.3183 yuan) (Reporting by Mai Nguyen in Hanoi; Editing by Rashmi Aich)
