Dec 15 (Reuters) - London copper prices were steady on Friday following a big jump in the previous session as expectations of lower U.S. interest rates next year weighed on the dollar.
Three-month copper on the London Metal Exchange was almost flat at $8,555 per metric ton by 0242 GMT, while the most-traded January copper contract on the Shanghai Futures Exchange advanced 1% to 68,740 yuan ($9,656.53) a metric ton.
LME copper rose the most since Jan. 9 on Thursday and is up 1.2% on a weekly basis.
The dollar languished near four-month lows, weighed by growing prospects of U.S. interest rate cuts next year, making greenback-priced metals cheaper to holders of other currencies.
LME zinc rose 0.2% to $2,498.50 a metric ton, lead increased 0.2% to $2,073, while aluminium fell 0.4% to $2,201, nickel declined 0.6% to $16,875, and tin dropped 1.1% to $25,085.
On a weekly basis, LME aluminium was on track for its biggest gain since Sept. 29.
LME zinc climbed the most week-on-week since Sept. 1. Lead was up 2.3% so far this week and set to snap three straight weekly declines.
SHFE aluminium increased 1% to 18,750 yuan a metric ton, nickel climbed 0.7% to 132,420 yuan, zinc advanced 0.6% to 20,915 yuan, lead was up 0.3% at 15,600 yuan and tin rose 0.4% to 209,160 yuan.
SHFE copper was up 1.4% on a weekly basis, set for the best week since Nov. 3. Aluminium was on track for the best weekly gain since Sept. 1, climbing 1.8% so far. Lead is set to gain this week after logging three consecutive weekly losses.
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DATA/EVENTS (GMT)
0745 France CPI (EU Norm) Final MM, YY Nov
0815 France HCOB Mfg, Serv, Comp Flash PMIs Dec
0830 Germany HCOB Mfg, Serv, Comp Flash PMIs Dec
0900 EU HCOB Mfg, Serv, Comp Flash PMIs Dec
0930 UK Flash Comp, Mfg, Serv PMIs Dec
1000 EU Total Trade Balance SA Oct
1100 EU Reserve Assets Total Nov
1415 US Industrial Production MM Nov
1445 US S&P Global Mfg, Comp, Serv Flash PMIs Dec
($1 = 7.1185 yuan) (Reporting by Mai Nguyen in Hanoi; Editing by Eileen Soreng)
