($1 = 6.8468 yuan) (Reporting by Mai Nguyen in Hanoi; Editing by Savio D'Souza)
mai.nguyen.thomsonreuters.com@reuters.net))LME price overview COMEX copper futures All metals news All commodities news Foreign exchange rates SPEED GUIDES ))
Feb 16 (Reuters) - Copper prices in London rebounded off
a five-week low on Thursday as market participants kept up hopes
for a demand recovery in top consumer China.
Three-month copper on the London Metal Exchange rose
0.6% to $8,909 a tonne by 0310 GMT, while aluminium increased 0.8% to $2,403.50 a tonne, zinc advanced 0.2%
to $3,205 a tonne and lead was up 0.8% to $2,068 a
tonne.
LME copper hit a five-week low on Wednesday as fears of
further interest rate hikes boosted the dollar, making
greenback-priced metals more expensive to holders of other
currencies.
While actual copper demand remained tepid, prices were
supported by hopes that consumption of the metal will rebound
eventually in China after the country removed harsh COVID-19
restrictions.
The most-traded March copper contract on the Shanghai
Futures Exchange fell 0.6% to 68,460 yuan ($9,998.83) a
tonne, nickel dropped 1.4% to 204,430 yuan a tonne,
zinc shed 1.1% to 22,870 yuan a tonne.
SHFE aluminium edged up 0.1% to 18,500 yuan a tonne
and tin increased 0.4% to 213,680 yuan a tonne, while
lead fell 0.4% to 15,160 yuan a tonne.
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