HANOI, Jan 15 (Reuters) - Shanghai copper and aluminium inched down on Tuesday after weak Chinese trade data disappointed investors, although metals traded in London drew some support from U.S. President Donald Trump’s comments on reaching a trade deal with China.
Trump on Monday predicted Washington would reach a deal with China to end a tit-for-tat trade war, saying Beijing wants to negotiate and that talks are going well.
* The most-traded Shanghai copper contract had fallen 0.4 percent to 46,850 yuan ($6,923.51) a tonne by 0119 GMT, on track for its third consecutive decline. Shanghai aluminium dropped as far as its lowest since September 2016 at 13,230 yuan a tonne.
* Three-month copper on the London Metal Exchange rose 0.4 percent to $5,920 a tonne, reversing losses from the previous session, while London aluminium edged up 0.1 percent to $1,830.5 a tonne.
* The U.S. Senate will begin voting on Tuesday on a resolution criticising the Trump administration’s decision to ease sanctions on companies linked to Russian oligarch Oleg Deripaska, including aluminium giant Rusal.
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* Asian shares were on the back foot as an unexpected drop in China’s exports heightened worries about the global economy, while the British pound braced for a showdown in parliament over the government’s Brexit plan.
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Three month LME copper
Most active ShFE copper
Three month LME aluminium
Most active ShFE aluminium
Three month LME zinc
Most active ShFE zinc
Three month LME lead
Most active ShFE lead
Three month LME nickel
Most active ShFE nickel
Three month LME tin
Most active ShFE tin
ARBS ($1 = 6.7450 Chinese yuan renminbi)
Reporting by Mai Nguyen; Editing by Joseph Radford