9:30 PM EST, December 11, 2013
SINGAPORE, Dec 12 (Reuters) - London copper on Thursday fell
back from one-month highs hit the day before, with traders
taking profits from a four-session winning streak, but tight
physical supply underpinned prices.
* Three-month copper on the London Metal Exchange
had edged down 0.35 percent to $7,195 a tonne by 0136 GMT, after
gains of 0.9 percent in the previous session.
* Copper pries hit their highest since Nov. 4 at $7,221 a
tonne on Wednesday.
* The most-traded February copper contract on the Shanghai
Futures Exchange climbed 0.37 percent to 51,340 yuan
($8,500) a tonne on Thursday, having also marked its highest in
more than a month.
* Copper users in top consumer China are braced to pay
higher premiums to procure metal and global exchange stocks have
slumped to five-year lows, flagging tight supply that some
traders expect to stretch out into next year.
* China is seeing a resurgence of "hot money" seeking to
cash in on the rallying yuan and record-high interest rates,
contributing to distortions in its trade data as speculators
move money through regulatory loopholes.
* Republicans in the U.S. House of Representatives on
Wednesday were falling in line behind a bipartisan two-year
budget deal, indicating that the normally rambunctious group of
lawmakers is not spoiling for a year-end fiscal
* Indonesia's president will make the final decision in a
furious debate over next month's scheduled ban on the export of
unprocessed metal ore, an issue that pits nationalist-minded
lawmakers against officials desperate not to lose revenue.
* For the top stories in metals and other news, click
* Asian shares slipped to a four-week low on Thursday on
heightened expectations the Federal Reserve may act sooner than
later to unwind its stimulus after the provisional budget deal
in Washington eased some of the fiscal drag on the U.S. economy.
1000 Euro zone industrial production
1330 U.S. weekly jobless claims
1330 U.S. import prices
1330 U.S. export prices
1330 U.S. retail sales
1500 U.S. business inventories
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
Three month LME tin
($1 = 6.0717 Chinese yuan)
(Reporting by Melanie Burton; Editing by Joseph Radford)
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