METALS-Copper dips weighed by China factory activity slowing in January

HANOI, Feb 1 (Reuters) - Copper prices edged lower on Monday pressured by demand worries after data showed easing manufacturing activity in top consumer China.

In January, China’s factory activity grew at the slowest pace in months hit by a wave of domestic coronavirus infections and falling export orders amid a surging global pandemic and rising costs, surveys showed.

Three-month copper on the London Metal Exchange fell 0.1% to $7,849 a tonne by 0237 GMT and the most-traded March copper contract on the Shanghai Futures Exchange declined 0.1% at 57,870 yuan ($8,961.39) a tonne.


* Premiums for imports of copper into China have jumped to their highest in more than five months, as rising waves cause disruption to shipments from top producer Chile.

* LME aluminium rose 0.6% to $1,988.50 a tonne, nickel advanced 0.7% to $17,815 a tonne and zinc advanced increased 0.8% to $2,600.50 a tonne.

* ShFE aluminium jumped 1.7% to 15,180 yuan a tonne, while tin dropped 2.6% to 168,540 yuan a tonne after ShFE tin inventories SSN-TOTAL-W surged 22.1% last week.

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* Asian shares tried to rally as Wall Street continued to struggle with doubts about vaccine rollouts and economic recovery, while silver surged as newly empowered retail investors turned speculative eyes to precious metals.

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$1 = 6.4577 yuan Reporting by Mai Nguyen; Editing by Amy Caren Daniel