(Updates prices)
NEW DELHI, June 25 (Reuters) - Copper futures were
marginally up as the U.S. dollar eased slightly but subdued
demand in top consumer China kept gains in check.
Three-month copper on the London Metal Exchange was
up 0.03% at $9,664 per metric ton, as of 0708 GMT.
In the broader market, the dollar eased slightly ahead of
Friday's release of the U.S. personal consumption expenditures
(PCE) price index - the Federal Reserve's preferred measure of
inflation.
A weaker dollar makes greenback-priced metals cheaper for
holders of other currencies.
The most-traded July copper contract on the Shanghai Futures
Exchange was down 0.1% at 78,670 yuan ($10,832.81) a
ton.
"As we settle into a summer market, volumes and volatility
will likely soften," Sucden Financial said in a note.
"We believe that the market still has more room on the
upside, but the timing is now extended, given a defensive
market. We expect metals to remain in range in the near term."
LME aluminium was 0.1% higher at $2,506 a ton,
nickel edged 0.2% lower to $17,295, zinc edged
up 0.1% to $2,850, lead eased 0.6% to $2,169, and tin
was down 0.3% at $32,650.
SHFE aluminium eased 0.3% to 20,325 yuan a ton,
nickel was up 1% at 135,550 yuan, lead edged
up 0.2% at 18,885 yuan while zinc fell 0.5% to 23,660
yuan and tin gained 0.2% to 273,140 yuan.
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($1 = 7.2622 Chinese yuan renminbi)
(Reporting by Neha Arora; Editing by Rashmi Aich and Mrigank
Dhaniwala)