SYDNEY, April 18 Shanghai aluminium turned
positive on Tuesday after an initial retreat on signs of robust
demand and output cuts in China.
* Shanghai Futures Exchange aluminium was up 0.10
percent to 14,555 yuan ($2,116) after slipping in early trade.
Traders cited profit-taking after the contract on Monday reached
a near four-year high before buyers re-entered the market.
Three new aluminium projects with a capacity of 2 million
tonnes have been halted in Xinjiang in western China for
violating rules aimed at curbing capacity, state-owned China
Securities Times reported on Sunday.
The contract was also being underpinned by data on Monday
showing China's economy grew 6.9 percent in the first quarter
from a year earlier.
* Shfe copper slipped by 0.49 percent to 46,380
yuan a tonne, while Shfe zinc dropped 1.51 percent to
* London Metal Exchange copper resumed its firmer trend
after reopening following the Monday Easter break.
* China's steel output rose 1.8 percent in March to a
monthly record of 72 million tonnes, stoking worries of a glut
that continues to grow even as Beijing tries to rein in excess
capacity in the bloated sector and demand remains flat.
* China's Tianjin Port Co Ltd will impose
measures to curb the trucking and storage of coal months earlier
than expected, as one of the nation's busiest ports complies
with government orders in its war on smog, a customer notice
* Asian stocks pulled back in early trade on Tuesday, while
the dollar bounced back from a five-month low after the U.S.
Treasury Secretary's comments supported a stronger currency,
although escalating tensions over North Korea capped
* The dollar pulled away from five-month lows versus the yen
early on Tuesday, with comments from U.S. Treasury Secretary
Steven Mnuchin and higher debt yields giving the bruised
greenback some breathing space.
1230 U.S. Housing Starts March
1255 U.S. Redbook weekly
1315 U.S. Industrial Production March
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
($1 = 6.8800 Chinese yuan)
(Reporting by James Regan; Editing by Sherry Jacob-Phillips)