SYDNEY, Sept 13 (Reuters) - London copper prices on Wednesday clawed back some of their overnight losses as selling by funds trailed off, while Shanghai contracts for the metal edged lower.
Commodity traders said the emergence of funds offloading copper overnight failed to carry into the Asian day.
Commodity funds had been active on Tuesday cutting positions on bets that prices had peaked, at least in the short term, after LME warehouse stocks climbed by more than 10,000 tonnes.
But London metals remained "overly exposed" to a stronger U.S. dollar, which was enticing holders of other currencies to sell out of positions, said a Perth-based trader. He declined to be identified as he was not authorised to speak with media.
* LONDON COPPER: Three-month copper on the London Metal Exchange <CMCU3 was up 0.2 percent at $6,680 a tonne a tonne by 0148 GMT, chipping away at a 1.2-percent loss racked up the previous session.
* SHANGHAI COPPER: The most-traded copper contract on the Shanghai Futures Exchange fell 0.5 percent to 51,410 yuan ($7,877.12) a tonne.
* COPPER STOCKS: Copper stocks in LME approved warehouses rose by 10,300 tonnes to 218,725 tonne, the latest LME data showed. <MCUSTX-TOTAL>
* TIN FIND: China's Hunan province said on Tuesday it had confirmed the presence of almost 90,000 tonnes of tin ore and over 12.9 million tonnes of fluorite in a region that is part of a prolific mining belt in the south of the country.
LME ALUMINIUM: Three-month aluminium on the LME was up a touch at $2,140 a tonne, holding on to gains from the previous session. ShFE Aluminium was up 0.75 percent.
* ZINC, NICKEL RISE: ShFE Zinc was steady, while ShFE nickel was up 1.7 percent. Both metals, used in steelmaking, were benefiting from a second straight day of firmer Chinese steel prices.
* NORTH KOREA: U.S. President Donald Trump said on Tuesday that U.N. sanctions on North Korea agreed this week were a small step and nothing compared to what would have to happen to deal with the country's nuclear programme.
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* The dollar extended its sharp rally against the yen on Wednesday, although it was capped against the euro with a potentially supportive spike in U.S. yields neutralised by a similar move by their German counterparts.
DATA AHEAD (GMT)
0600 Germany Consumer prices final Aug 0600 Germany Wholesale price index Aug 0900 Euro zone Employment Q2 0900 Euro zone Industrial production Jul
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 = 6.5265 Chinese yuan renminbi)
(Reporting by James Regan; Editing by Joseph Radford)