SINGAPORE, April 23 (Reuters) - London copper slipped on
Tuesday and was mired near 18-month lows on sluggish prospects
for global growth, with traders waiting for China's first
economic report for the second quarter for clues on demand in
the world's top metals consumer.
* Three-month copper on the London Metal Exchange
had slipped 0.36 percent to $6,910 a tonne by 0108 GMT,
extending losses from the previous session when it closed down
* Copper tumbled to an 18-month low at 6,800 a tonne on
Thursday, closing last week down 5 percent for a nearly 13
percent loss year-to-date.
* The most-traded Shanghai copper contract on the Shanghai
Futures Exchange slipped 0.22 percent to 49,620 yuan
($8,000) a tonne. It hit a nearly three-year trough on Monday at
48,970 yuan a tonne.
* U.S. home resales edged downward in March, pointing to
some slowdown in the housing market recovery pace as overall
economic activity cools.
* The pace of growth in New York state manufacturing slowed
more than expected in April as new orders tumbled, the latest
data to suggest the economy lost some steam heading into the
second quarter, data from the New York Federal Reserve showed on
* Comments by European Central Bank policymakers on Monday
stressing falling inflation and poor growth prospects in the
euro zone suggest the ECB may be leaning towards a further cut
in its main refinancing rate.
* HSBC's flash PMI manufacturing activity for April due at
0145 GMT will offer a preliminary insight into China's economic
conditions in the second quarter, after first quarter growth
fell short of market expectations.
* Stronger manufacturing and services output in China helped
lift emerging market business confidence in March, masking
slower growth in Brazil, Russia and India, a monthly purchasing
managers' survey showed earlier this month.
* Daily average primary aluminium output rose slightly to
68,500 tonnes in March, against a revised 68,400 tonnes in
February, data from the International Aluminium Institute (IAI)
showed on Monday.
* For the top stories in metals and other news, click , or
* Asian shares steadied on Tuesday, supported by overnight
gains in global equities, but were capped ahead of the Chinese
* The U.S. dollar was little changed in early Asian trade
after another attempt at 100 yen failed due to options-related
offers, but traders suspect it is only a matter of time before
the psychological level is broken.
0145 China HSBC Manufacturing Flash PMI
0645 France Business climate
0658 France Markit Manufacturing Flash PMI
0728 Germany Markit Manufacturing Flash PMI
0758 Euro zone Markit Manufacturing Flash PMI
0800 Italy Consumer confidence
1145 U.S. ICSC weekly chain store sales
1300 U.S. FHFA home price index
1400 U.S. New home sales
1400 U.S. Richmond Fed manufacturing, services
2030 U.S. API weekly crude stocks
Base metals prices at 0108 GMT
Metal Last Change Pct Move YTD pct chg
LME Cu 6910.00 -25.00 -0.36 -12.85
SHFE CU FUT AUG3 49620 -110 -0.22 -13.97
HG COPPER MAY3 312.45 -0.65 -0.21 -14.46
LME Alum 1888.50 -3.50 -0.18 -8.81
SHFE AL FUT AUG3 14575 10 +0.07 -5.02
LME Zinc 1884.25 2.25 +0.12 -8.69
SHFE ZN FUT AUG3 14625 -920 -5.92 -5.92
LME Nickel 15277.00 -23.00 -0.15 -10.95
LME Lead 2009.75 -0.25 -0.01 -14.11
SHFE PB FUT 13825.00 -60.00 -0.43 -9.34
LME Tin 20800.00 5.00 +0.02 -11.11
LME/Shanghai arb^ 119
Shanghai and COMEX contracts show most active months
($1 = 6.1826 Chinese yuan)
(Reporting by Melanie Burton; Editing by Joseph Radford)
((firstname.lastname@example.org)(+65 6870 3017)(Reuters
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