SINGAPORE, Sept 22 (Reuters) - London copper prices rose on
Tuesday, recouping some of the last session's losses, on
expectations of strong Chinese demand, although worries about
fresh coronavirus-led lockdowns capped gains.
* Three-month copper on the London Metal Exchange
rose 0.4% to $6,716.50 a tonne by 0117 GMT, after dropping 1.7%
in the last session.
* The most-traded copper contract on the Shanghai Futures
Exchange fell 1.1% to 51,670 yuan ($7,593.73) a tonne.
* China, the world's top consumer of industrial metals, is
expected to increase imports after data showed industrial output
accelerated the most in eight months in August, while retail
sales grew for the first time this year.
* A resurgent dollar held on to overnight gains on Tuesday
after virus fears and worries about U.S. stimulus drove a wave
of selling in just about everything else.
* A strong dollar weighs on commodity prices as it makes
greenback-priced products expensive for buyers holding other
* The premium for cash LME copper over the three-month
contract <CMCU0-3> spiked by Friday's close to $40.25 a tonne,
its highest since March 2019, indicating tight supplies. It
pared gains on Monday to $31.
* The global world refined copper market showed a 192,000
tonnes deficit in June, compared with a 36,000 tonnes deficit in
May, the International Copper Study Group said in its latest
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* Asian shares opened weaker on Tuesday on concerns about
new pandemic lockdowns in Europe and after reports about
financial institutions allegedly moving illicit funds hurt
global banking stocks.
1400 US Existing Home Sales Aug
1400 EU Consumer Confid. Flash Sept
Three month LME copper
Most active ShFE copper
Three month LME aluminium
Most active ShFE aluminium
Three month LME zinc
Most active ShFE zinc
Three month LME lead
Most active ShFE lead
Three month LME nickel
Most active ShFE nickel
Three month LME tin
Most active ShFE tin
($1 = 6.8043 yuan)
(Reporting by Naveen Thukral; editing by Uttaresh.V)