Sept 20 (Reuters) - Copper prices edged up in London on Wednesday as a softer dollar made greenback-priced metals cheaper to holders of other currencies.
Three-month copper on the London Metal Exchange rose 0.2% to $8,309 per metric ton by 0256 GMT, while the most-traded October copper contract on the Shanghai Futures Exchange declined 0.4% to 68,700 yuan ($9,413.80) a ton.
The dollar index edged down slightly ahead of a U.S. Federal Reserve policy meeting later in the day where it is expected to leave the benchmark overnight interest rate unchanged.
However, copper inventories are building in LME-registered
warehouses, with stockpiles at 149,600 tons the highest since
May 2022, capping gains in prices.
Copper inventories in SHFE warehouses
LME aluminium edged up 0.1% to $2,216.50 a ton, nickel rose 0.9% to $20,090, lead increased 0.2% to $2,224.50, zinc fell 0.6% to $2,482.50 and tin eased 0.1% to $26,080.
SHFE aluminium fell 0.4% to 19,190 yuan a ton, zinc dropped 1.2% to 21,535 yuan, nickel rose 1.7% to 164,180 yuan, lead was 0.4% higher at 17,285 yuan and tin climbed 0.5% to 221,350 yuan.
Combined nickel inventories in SHFE and LME warehouses were at 46,055 tons, the highest since March 30.
Lead stockpiles in LME warehouses
Zinc stocks in LME warehouses
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DATA/EVENTS (GMT)
2000 UK Core CPI, CPI YY Aug
1800 US U.S. Federal Reserve's Federal Open Market
Committee (FOMC) announces its decision on
interest rates followed by statement
1830 US U.S. Federal Reserve chairperson holds a news
conference
($1 = 7.2978 yuan) (Reporting by Mai Nguyen in Hanoi; editing by Eileen Soreng)