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METALS-Shanghai aluminium slips below 14,000 yuan a tonne on oversupply fears

BEIJING, March 13 (Reuters) - Shanghai aluminium prices dipped below the 14,000 yuan ($2,213) a tonne mark for the first time in over a year on Tuesday, as the end of winter output restrictions on Chinese smelters from March 15 threatens to flood the market.

FUNDAMENTALS

* SHFE ALUMINIUM: The most traded May aluminium contract on the Shanghai Futures Exchange (ShFE) was down 1.3 percent at 13,940 yuan at 0141 GMT. It early touched 13,910 a tonne, its lowest since Jan. 10, 2017.

* LME ALUMINIUM: Three-month aluminium on the London Metal Exchange (LME) gained 0.3 percent to $2,098 a tonne, after closing down 1.4 percent in the previous session, its lowest in almost three months.

* COPPER: Three-month copper on the LME rose 0.3 percent to $6,934 a tonne, partially reversing a 0.7 percent fall on Monday after a rise in LME inventories. ShFE copper was trading flat at 52,030 yuan a tonne.

* CHINA MINISTRIES: Top metals consumer China said it will merge its banking and insurance regulators and create a new agricultural and rural village ministry, a parliament document released on Tuesday showed, among a number of proposed changes in the biggest ministry shake-up in years.

* CANADA: Canadian Prime Minister Justin Trudeau promised aluminum and steelworkers on Monday he would defend them against possible U.S. tariffs and called U.S. President Donald Trump to stress that "mutually beneficial" cross-border supply chains should be preserved.

* JAPAN: Some Japanese aluminium buyers have agreed to pay a premium of $129 per tonne for shipments from global producers in the April to June quarter, reflecting soaring U.S. spot premiums, two sources directly involved in the pricing talks said on Monday.

* SERBIA: China's Zijin Mining Group has expressed interest in buying loss-making Serbian copper miner and smelter RTB Bor, which the Balkan state has been trying to sell for the past decade. For the top stories in metals and other news, click or

MARKETS NEWS

* Asian stocks stalled on Tuesday, halting an earlier rally after Wall Street shares lost steam, while the dollar sagged on the back of declining U.S. yields.

DATA AHEAD (GMT)

1000 U.S. NFIB business optimism index Feb 1230 U.S. Consumer prices Feb 1500 U.S. Cleveland Fed CPI Feb

PRICES

BASE METALS PRICES 0141 GMT Three month LME copper 6934 Most active ShFE copper 52030 Three month LME aluminium 2098 Most active ShFE aluminium 13940 Three month LME zinc 3265 Most active ShFE zinc 25085 Three month LME lead 2349 Most active ShFE lead 18230 Three month LME nickel 13770 Most active ShFE nickel 104350 Three month LME tin 0 Most active ShFE tin 146510

BASE METALS ARBITRAGE

LME/SHFE COPPER LMESHFCUc3 985.67 LME/SHFE ALUMINIUM LMESHFALc3 -1473.67 LME/SHFE ZINC LMESHFZNc3 610.99 LME/SHFE LEAD LMESHFPBc3 179.98 LME/SHFE NICKEL LMESHFNIc3 1482.41

($1 = 6.3270 Chinese yuan renminbi)

(Reporting by Tom Daly; editing by Richard Pullin)