REFILE-Shanghai, LME jump more than 1 pct after dollar slips
(Refiles to drop word 'as' from headline)
Shanghai LME
Now Close Now Close Copper 60840 60060 7910.00 7810.00 Aluminium 18930 18785 2920.00 2899.00 Zinc 16900 16690 1975.00 1955.00 ----------------------------------------------------------
JUNE 6
In the news > Copper's bearish nearby outlook opens buying windo[nL05383868] > Copper slips to 11-week low, lead drops 3.3 pct [nL05368305] > US copper up after hours on Chilean trucker strike[nN05557395] > Weak LME zinc prices spur Chinese arbitrage trade [nHKG72956] > Xstrata Copper Chile ops not hit by trucker strike[nN05409426] ---------------------------------------------------------- * Shanghai August copper SCFQ8 opens 1.3 percent up at 60,840 yuan ($8,759) at 0101 GMT on Friday, versus 60,060 yuan at the previous close. London Metal Exchange copper MCU3 gains $100 to $7,910. * Market rises after the dollar snapped its run of gains, recoiling after ECB chief Jean-Claude Trichet warned of an impending interest rate rise. * Some support also after a few copper operations were hit by Chilean truck drivers' strike, but many mines unaffected. [ID:nN05409426] * Shanghai August zinc SZNQ8 at 16,900 yuan a tonne, up from 16,690 yuan. London zinc MZN3 up $20 at $1,975. * Comparatively strong prices in China versus the international market are setting the scene for a rise in imports as investors sell metal in Shanghai and buy in London. * Shanghai aluminium SAFQ8 rises to 18,930 yuan from 18,785. LME metal MAL3 up $21 to $2,920. * The biggest ever one-day dollar gain by Nymex crude CLc1 helps lift the energy-intensive metal. Oil bounced from below $122 a barrel early on Thursday to above $128 on Friday, ($1=6.946 Yuan) (Reporting by Nick Trevethan; Editing by Michael Urquhart)
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