July 14 (Reuters) - Copper prices were subdued on Wednesday,
as a firmer dollar made greenback-priced metals less appealing
to holders of other currencies, while inflationary pressures in
the United States sparked worries of a sooner-than-expected
Three-month copper on the London Metal Exchange
eased 0.1% to $9,408 a tonne by 0740 GMT, while the most-traded
August copper contract on the Shanghai Futures Exchange
closed down 0.4% to 68,870 yuan ($10,637.28) a tonne.
The U.S. dollar touched a three-month high versus the euro
and a one-week high versus the yen, after U.S. consumer prices
last month increased by the most in 13 years, spurring bets of
faster monetary policy tightening than the Federal Reserve
officials have so far signalled.
Markets will pay attention to any information indicating the
Fed's liquidity tapering, said Huatai Futures in a report.
"But copper price reaction (to the inflation data) was
relatively 'calm' with a slight fall only, suggesting that the
current macro impact on the copper prices might be gradually
weakening," the company said, adding that fundamentals of the
metal remained relatively unchanged.
* China, the world's biggest metals consumer, will take
"comprehensive measures" to ease rising commodity prices,
Premier Li Keqiang said.
* LME tin decreased 0.1% to $32,360 a tonne, nickel
dropped 0.4% to $18,705 a tonne, and zinc was up
0.3% at $2,943 a tonne.
* ShFE aluminium 1.7% to 19,510 yuan a tonne on
fears of output cut amid energy curb, traders said, zinc
shed 0.5% to 21,980 yuan a tonne, and lead was
down 0.5% to 15,650 yuan a tonne.
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($1 = 6.4744 yuan)
(Reporting by Mai Nguyen in Hanoi; Editing by Sherry