Three-month copper on the London Metal Exchange fell
0.4% to $8,662.50 a tonne by 0247 GMT, while the most-traded May
copper contract on the Shanghai Futures Exchange rose
0.5% to 67,350 yuan ($9,788.53) a tonne, tracking overnight gain
in London.
The LME cash copper contract was trading at a premium of
$3.75 a tonne over the three-month contract , flipping
from a discount zone that has lasted since Jan. 19, indicating
tightening nearby supply.
The front month SHFE copper contract has been
trading at a premium over the three-month contract since
March 13, also indicating tightening nearby supply, as demand of
the metal in China improved.
LME aluminium rose 0.2% to $2,278 a tonne, lead fell 0.4% to $2,110 a tonne while tin rose 0.3%
to $22,810 a tonne.
SHFE aluminium edged down 0.1% at 18,145 yuan a
tonne, nickel dropped 2.6% to 173,310 yuan a tonne,
zinc fell 0.3% to 22,505 yuan a tonne, lead declined 0.2% to 15,350 yuan a tonne and tin shed 0.2%
to 184,560 yuan a tonne.
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($1 = 6.8805 yuan)
(Reporting by Mai Nguyen in Hanoi)
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