METALS-LME copper edges increased, heads for fourth straight weekly loss

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METALS-LME copper edges higher, heads for fourth straight weekly loss
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    BEIJING, Dec 21 (Reuters) - Copper costs edged increased in
London and Shanghai in early commerce on Friday, after a report
from an business research group confirmed a widening provide deficit. 
    The steel continues to be on track to shed 1.eight p.c in London
this week for a fourth straight weekly loss. It's down 17
p.c up to now in 2018, heading for its worst 12 months since 2015 on
fears the U.S.-China commerce row will damage demand.
        
    FUNDAMENTALS
    * LME COPPER: Three-month copper on the London Metallic
Alternate rose by 0.three p.c a tonne to $6,020 a tonne
as of 0142 GMT, reversing Thursday's 0.three p.c dip. 
    * SHFE COPPER: Essentially the most-traded February copper contract on
the Shanghai Futures Alternate nudged up 0.2 p.c to
48,250 yuan ($7,009.72) a tonne.
    * COPPER: The worldwide world refined copper market confirmed a
168,000 tonnes deficit in September, in contrast with a 43,000
tonnes deficit in August, the Worldwide Copper Research Group
(ICSG) stated in its newest month-to-month bulletin.
    * CONTRACTS: Chilean state miner Codelco has agreed to promote
France's Nexans, China's Minmetals and U.S.-based
Southwire 50,000 to 100,000 tonnes of copper every from 2019 to
2021 in rolling offers referred to as "evergreens", sources near
the matter stated.
    * OTHER METALS: Most different base metals made modest positive factors in
quiet pre-holiday commerce, with nickel including 0.5 p.c in
London and Shanghai.   
    * ALUMINIUM: Representatives from China's largest aluminium
producers will maintain a gathering on Friday within the southern area
of Guangxi to debate slumping demand and falling costs, stated
three sources conversant in the matter.
    * COLUMN: The 12 months that politics broke the metals cycle:
Andy Residence
    * For the highest tales in metals and different information, click on       
 or     
        
    MARKETS NEWS    
    * World shares had been crusing into Christmas on a sea of pink
on Friday as the specter of a U.S. authorities shutdown and of
additional hikes in U.S. borrowing prices infected investor unease
over the financial outlook.    
        
    
    PRICES        
 BASE METALS PRICES                        0142 GMT
 Three month LME copper                        6020
 Most energetic ShFE copper                      48260
 Three month LME aluminium                   1917.5
 Most energetic ShFE aluminium                   13645
 Three month LME zinc                          2541
 Most energetic ShFE zinc                        21070
 Three month LME lead                        1973.5
 Most energetic ShFE lead                        18130
 Three month LME nickel                       10960
 Most energetic ShFE nickel                      90230
 Three month LME tin                              0
 Most energetic ShFE tin                        146800
                                                   
 BASE METALS ARBITRAGE                             
 LME/SHFE COPPER              LMESHFCUc3     182.07
 LME/SHFE ALUMINIUM           LMESHFALc3   -1572.96
 LME/SHFE ZINC                LMESHFZNc3     272.84
 LME/SHFE LEAD                LMESHFPBc3     1549.9
 LME/SHFE NICKEL              LMESHFNIc3    1688.57
 

($1 = 6.8833 Chinese language yuan)

    
 (Reporting by Tom Daly; Enhancing by Rashmi Aich)
  
 
 



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