Dec 12 (Reuters) - Prices of most nonferrous metals rose on Tuesday, as a softer dollar made the greenback-priced metals cheaper to holders of other currencies.
Three-month copper on the London Metal Exchange rose 0.3% to $8,363.50 per metric ton by 0220 GMT, while the most-traded January copper contract on the Shanghai Futures Exchange dipped 0.5% to 68,050 yuan ($9,481.41) per metric ton.
The dollar eased as investors stayed cautious ahead of a crucial U.S. inflation report later in the day that will set the tone for the week filled with central bank meetings.
Copper prices were also supported by mine closures and disruptions that have prompted analysts to lower their forecasts for surpluses.
Combined refined copper inventories in SHFE and China's
bonded warehouses dropped to 39,342 tons from 316,176 tons at
the end of the first quarter.
LME aluminium edged up 0.7% to $2,131.50 a ton, nickel increased 0.1% to $16,630, zinc rose 0.7% to $2,423.50, lead was up 0.4% at $2,065, and tin advanced 1% to $24,595.
SHFE nickel fell 0.6% to 132,140 yuan a ton, lead edged down 0.1% to 15,575 yuan, while aluminium rose 0.3% to 18,400 yuan, zinc climbed 0.8% to 20,765 yuan and tin advanced 0.3% to 207,340 yuan.
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DATA/EVENTS (GMT)
0700 UK Claimant Count Unem Chng Nov
0700 UK ILO Unemployment Rate Oct
0700 UK HMRC Payrolls Change Nov
1000 Germany ZEW Economic Sentiment Dec
1000 Germany ZEW Current Conditions Dec
1330 US Core CPI MM, SA; YY, NSA Nov
1330 US CPI MM, SA; YY, NSA Nov
1330 US CPI Wage Earner Nov
-- US Federal Open Market Committee starts
its two-day meeting on interest rates
($1 = 7.1772 yuan) (Reporting by Mai Nguyen in Hanoi; Editing by Subhranshu Sahu)
