Shanghai copper opens higher, LME down as oil slips

Shanghai LME

Now Close Now Close Copper
59880 59770 7830.00 7875.00
Aluminium 18715 18765 2880.00 2875.00
Zinc 16765 16645 1982.00 1985.00
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JUNE 5

In the news > Copper slips on weak demand
prospects [nL04512288] > Chile Cochilco sees small
'08 world copper deficit[nN04406078] > Norilsk postpones
Botswana nickel refinery project[nL04747285] > High prices hit
Turkish copper producer's margins [nL04705467] > Customs checks
limit China pre-Games scrap imports[nHKG289520]
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* Shanghai August copper SCFQ8 opens up at 59,880 yuan
($8,629) at 0101 GMT on Thursday, versus 59,770 yuan at the
previous close. London Metal Exchange copper MCU3 down $45 at
$7,830.
* Weakness seen across commodities on firming dollar after Fed
chairman Bernanke repeated warnings of inflation. Oil CLc1
down 44 cents at $121.86 a barrel. Gold XAU= also lower.
* Shanghai August zinc SZNQ8 at 16,765 yuan a tonne, up from
16,645 yuan, but still near the benchmark contract's lifetime
low of 16,120 yuan touched in November 2007. London zinc MZN3
down $3 at $1,982.
* Shanghai aluminium SAFQ8 falls to 18,715 yuan from 18,765.
LME metal MAL3 up $5 to $2,880.
($1=6.939 Yuan)
(Reporting by Nick Trevethan; Editing by Louise Heavens)