SINGAPORE, Feb 13 (Reuters) - London copper was little
changed on Wednesday, underpinned by growing hopes China's
consumers will restock after the Lunar new year. Holidays this
week in the top consumer of the metal drained liquidity and
momentum from the market.
* Three-month copper on the London Metal Exchange
was up slightly at $8,243.50 a tonne by 0125 GMT, after having
dropped 0.7 percent in the previous session.
* Copper has broken decisively above the $8,000 mark this
year to trade in an $8,150-$8,350 band in February, up almost
four percent year to date.
* The Shanghai Futures Exchange is closed this week.
* China, Taiwan and Hong Kong markets remain closed for the
Lunar New Year holiday.
* Rio Tinto will keep its Gove alumina
refinery in Australia open following a last-minute government
effort to find a cheaper source of energy, the Northern
Territory government said.
* For the top stories in metals and other news, click , or
* Asian shares inched higher on Wednesday while the yen was
firmer amid conflicting interpretations of Group of Seven
comments about the yen's recent weakness.
* The yen swung higher in dramatic style as investors cut
bearish positions after an official from the G7 said there were
concerns about excessive movements in Japan's currency.
* The G7 nations had sought on Tuesday to cool growing
tension over exchange rates sparked by weakness in the Japanese
yen, but currency markets found the effort lacking in clarity,
triggering a second straight day of volatility.
0700 Germany Wholesale price index
1000 Euro zone Industrial production
1200 U.S. Weekly mortgage market index
1330 U.S. Import prices
1330 U.S. Export prices
1330 U.S. Retail sales
1500 U.S. Business inventories
1530 U.S. EIA petroleum status report
Base metals prices at 0125 GMT
Metal Last Change Pct Move YTD pct chg
LME Cu 8243.50 7.50 +0.09 3.97
SHFE CU FUT MAY3 -- -- -- --
HG COPPER MAR3 374.55 0.15 +0.04 2.55
LME Alum 2119.75 1.75 +0.08 2.35
SHFE AL FUT MAY3 -- -- -- --
LME Zinc 2215.25 5.25 +0.24 7.35
SHFE ZN FUT MAY3 -- -- -- --
LME Nickel 18365.00 0.00 +0.00 7.05
LME Lead 2422.00 8.00 +0.33 3.50
SHFE PB FUT -- -- -- --
LME Tin 24875.00 0.00 +0.00 6.30
LME/Shanghai arb^ --
Shanghai and COMEX contracts show most active months
(Reporting by Melanie Burton; Editing by Tom Hogue)
((email@example.com)(+65 6870 3017)(Reuters
(Reuters 3000Xtra subscribers can access Metals Production Database by clicking on URL below http://mpd.session.rservices.com For related news and prices, click on the codes in brackets: LME price overview COMEX copper futures Base metals news All metals news All commodities news Metals diary Foreign exchange rates SPEED GUIDES)
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