REFILE-Shanghai, LME jump more than 1 pct after dollar slips

Thu Jun 5, 2008 9:47pm EDT
 
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 (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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