Sept 23 (Reuters) - Copper prices fell on Wednesday as a stronger U.S. dollar made greenback-priced commodities less attractive for buyers using other currencies.
Three-month copper on the London Metal Exchange fell 0.6% to $6,739.50 a tonne by 0200 GMT, while the most-traded October copper contract on the Shanghai Futures Exchange dipped 0.2% to 51,650 yuan ($7,609.35) a tonne.
The dollar held onto gains against major currencies on Wednesday, supported by positive U.S. economic data and concerns about a second wave of coronavirus infections in Europe and Britain.
FUNDAMENTALS
* The premium of LME cash copper over the three-month
contract
* LME nickel fell 0.1% to $14,590 a tonne, while lead advanced 0.2% to $1,887 a tonne. ShFE aluminium fell 0.8% to 14,470 yuan a tonne and zinc declined 0.3% to 19,700 yuan a tonne.
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MARKETS NEWS
* Asian stocks were set to open higher after tech-fueled Wall Street gains although focus is shifting to renewed U.S.-Sino tensions, which could weigh on investor sentiment.
DATA/EVENTS (GMT, Sept)
0715 France Markit Mfg, Serv, Comp Flash PMIs
0730 Germany Markit Mfg, Services, comp Flash PMIs
0800 EU Markit Mfg, Serv, Comp Flash PMIs
0830 UK Flash Mfg, Serv, Comp PMIs
1345 US Markit Serv, Comp Final PMIs
PRICES
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
Most active ShFE nickel
Three month LME tin
Most active ShFE tin
ARBS
($1 = 6.7877 yuan) (Reporting by Mai Nguyen; editing by Uttaresh.V)