(Corrects story throughout to show prices are for Shanghai
traded copper, not London traded, as the LME is closed for a
holiday)
BEIJING, April 7 (Reuters) - Copper prices in Shanghai
rose on Friday, helped by a weaker dollar ahead of the U.S.
non-farm payrolls report, but the metal was headed for a weekly
drop as a raft of weak economic data this week stoked concerns
about demand.
The most-traded May copper contract on the Shanghai Futures
Exchange added 0.2% at 68,740 yuan ($9,995.35) a tonne
as of 0229 GMT. It has lost 1% so far this week.
Trading on the London Metal Exchange (LME) is closed because
of the Good Friday holiday. Three-month LME copper declined 1.5% this week.
Copper prices, often seen as an economic bellwether, touched
their lowest in more than two weeks on Wednesday after weak U.S.
economic data fuelled fears of a recession.
Meanwhile, tight inventories and improved demand in top
consumer China lent some support to the market.
The dollar index dipped, as investors pondered how
pivotal U.S. jobs data coming out on a stock trading holiday
might impact Federal Reserve policy and unleash a potentially
volatile market reaction.
SHFE aluminium gained 0.6% to 18,705 yuan a tonne,
zinc was little changed at 22,105 yuan, nickel rose 2.2% to 177,310 yuan, lead was up 0.6% at 15,315
yuan and tin slipped 1% to 195,670 yuan.
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(Reporting by Siyi Liu and Dominique Patton; Editing by
Subhranshu Sahu)
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