HANOI, Feb 26 (Reuters) - Copper prices were set to notch
their best month since 2016 on low inventories and a bright
outlook for demand, despite a slight easing on the day as a
week-long rally in industrial metals ran out of steam.
Three-month copper on the London Metal Exchange was
down 0.8% at $9,333.50 a tonne by 0316 GMT on Friday. The
contract, however, gained 18.7% so far in February, set for the
best month since November 2016.
On Thursday, LME copper hit its highest since August 2011 of
$9,617 a tonne, only 5.6% below its record high level of $10,190
marked in February 2011.
The most-traded April copper contract on the Shanghai
Futures Exchange declined 0.8% to 68,810 yuan
($10,642.15) a tonne, but was also set for its best month gain
since November 2016.
LME aluminium fell 1.5% to $2,201 a tonne, zinc
declined 1.3% to $2,853.50 a tonne and tin
dropped 2.8% to $26,100 a tonne.
ShFE nickel shed 2.8% to 141,060 yuan a tonne and
ShFE tin tumbled 4.2% to 184,900 yuan a tonne.
* Peru's Southern Copper Corp plans to push forward
new and pending projects as demand from China and constrained
supply generally help propel a global price rally, an executive
* ShFE aluminium bucked the trend, rising 0.5% to 17,320
yuan a tonne after hitting its highest since August 2011 of
17,695 yuan earlier in the session.
* For the top stories in metals and other news, click
* Asian stocks opened sharply lower on Friday after Wall
Street's main indexes tumbled, with technology-related stocks
under pressure following a steep rise in benchmark U.S. Treasury
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($1 = 6.4658 yuan)
(Reporting by Mai Nguyen, Editing by Sherry Jacob-Phillips)