Sept 28 (Reuters) - Copper prices declined on Thursday as a firm dollar and rising inventories in London Metal Exchange (LME) warehouses weighed on the market.
Three-month copper on the LME fell 0.5% to $8,073.50 per metric ton by 0431 GMT, while the most-traded November copper contract on the Shanghai Futures Exchange declined 0.2% to 67,070 yuan ($9,177.86) a ton.
The U.S. dollar index hovered around the highest level since Nov. 30, making the greenback-priced metals more expensive to holders of other currencies.
Copper stockpiles in LME-registered warehouses
LME nickel declined 0.6% to $18,890 a ton, having
hit the lowest since July 2022 of $18,555 a ton in the previous
session. Inventories in LME warehouses
LME aluminium eased 0.1% to $2,236.50 a ton, lead shed 0.3% to $2,147, tin edged down 0.1% to $25,620, while zinc rose 0.3% to $2,483.50.
SHFE zinc fell 0.6% to 21,470 yuan, lead declined 0.9% to 16,555 yuan, tin shed 1.3% to 217,330 yuan, while aluminium rose 0.2% to 19,425 yuan and nickel advanced 0.2% to 152,240 yuan.
For the top stories in metals and other news, click or
DATA/EVENTS (GMT)
0900 EU Consumer Confid. Final Sept
1200 Germany CPI Prelim YY Sept
1200 Germany HICP Prelim YY Sept
1230 US GDP Final Q2
1230 US Initial Jobless Clm Weekly
($1 = 7.3078 yuan) (Reporting by Mai Nguyen in Hanoi; Editing by Subhranshu Sahu)