HANOI, Jan 11 (Reuters) - Shanghai prices of industrial metals fell on Monday as top metal consumer China saw its biggest daily increase in COVID-19 cases in more than five months.
The most-traded February contract on the Shanghai Futures Exchange fell 3% to 14,585 yuan ($2,250.25) a tonne at 0151 GMT.
The February zinc contract declined 2.5% to 21,090 yuan a tonne, while the March nickel contract was down 2% to 130,210 yuan a tonne. Both metals are used in steelmaking.
China's Hebei province, a major hub for making steel and lead-acid batteries, accounted for 82 of the 85 new local infections reported on Jan. 10, the National Health Commission (NHC) said in a statement.
The total number of new COVID-19 cases stood at 103, the highest since 127 cases were reported on July 30.
FUNDAMENTALS
* Three-month copper on the London Metal Exchange fell 1.1% to $8,044.50 a tonne, and ShFE copper declined 1% to 59,450 yuan a tonne. LME lead was down 1.1% to $1,980 a tonne.
* Zinc inventories in ShFE warehouses
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MARKETS NEWS
* Asian shares took a breather while Treasury yields were at 10-month highs as "trillions" in new U.S. fiscal stimulus plans were set to be unveiled this week, stoking a global reflation trade.
PRICES
Three month LME copper
Most active ShFE copper
Three month LME aluminium
Most active ShFE aluminium
Three month LME zinc
Most active ShFE zinc
Three month LME lead
Most active ShFE lead
Three month LME nickel
Most active ShFE nickel
Three month LME tin
Most active ShFE tin
ARBS ($1 = 6.4815 yuan) (Reporting by Mai Nguyen; Editing by Ramakrishnan M.)