Copper recovers from 3-week low on dip-buying; LME stocks rise
XLB•Other base metals mostly mixed
LME aluminium CMAL3 rose 0.51%, tin CMSN3 gained 0.59%, while zinc CMZN3 fell 0.05%, lead CMPB3 lost 0.13% and nickel CMNI3 slipped 0.02%.
SHFE aluminium SAFcv1 rose 0.35%, while zinc SZNcv1 fell 1.53%, lead SPBcv1 dropped 0.91%, nickel SNIcv1 lost 0.77% and tin SSNcv1 declined 2.17%.
($1 = 6.7090 Chinese yuan renminbi)
Copper rebounds as Chinese buyers return
Sept 15 (Reuters) - Copper recovered from a three-week low on Tuesday, as lower prices drew physical buyers back in top consumer China, while rising London Metal Exchange inventories and a cash discount pointed to easing near-term supply tightness.
The benchmark three-month copper on the LME CMCU3 rose 0.55% to $14,078 a metric ton by 0330 GMT, after sinking to $14,018.50 on Monday.
The most-traded copper contract on the Shanghai Futures Exchange SCFcv1 fell 0.80% to 107,320 yuan ($15,996.42) a ton, but recovered from an overnight low of 106,650 yuan, its lowest in more than three weeks.
