METALS-Copper retreats after 5-day rise, China worries weigh
SINGAPORE, July 25 (Reuters) - London copper futures edged down on Thursday, after a five-day run-up that lifted prices to one-month highs, weighed by concerns a slowing Chinese economy may dent demand from the world's top consumer.
* Three-month copper on the London Metal Exchange eased 0.9 percent to $6,995.25 a tonne by 0107 GMT. The contract hit $7,119 on Wednesday, its highest since June 18, before cutting gains at the close.
* Copper is down nearly 12 percent this year amid a slowdown in China which accounts for 40 percent of global demand for refined copper.
* The most-traded November copper contract on the Shanghai Futures Exchange slipped 0.2 percent to 50,300 yuan ($8,200) a tonne.
* Preliminary data on Wednesday which showed manufacturing activity in China at an 11-month low in July points to more challenges for the country which has already seen year-on-year economic growth fall in nine of the last 10 quarters.
* But upbeat data that reflected more signs of recovery in the U.S. and Europe helped copper prices end firmer on Wednesday. New U.S. home sales hit a five-year high in June while private industry activity in the euro zone expanded for the first time in more than a year in July.
* More than 300 workers at Glencore Xstrata's Collinsville coal mine in Australia were laid off by operator Thiess as the commodities group moves to take over operations in a bid to restore the mine to profitability.
* For the top stories in metals and other news, click , or
* Asian stocks retreated from seven-week highs as Wall Street buckled under profit-taking pressure, while upbeat U.S. economic data helped the dollar snap a three-day slide.
0800 Germany Ifo business climate 0800 Italy Consumer confidence 0800 Euro zone M3 money supply 1230 U.S. Durable goods orders 1230 U.S. Weekly jobless claims
Base metals prices at 0107 GMT
Metal Last Change Pct Move YTD pct chg LME Cu 6995.25 -59.75 -0.85 -11.80 SHFE CU FUT NOV3 50300 -100 -0.20 -13.17 HG COPPER SEP3 3.17 0.00 -0.14 -13.09 LME Alum 1844.00 -7.00 -0.38 -11.05 SHFE AL FUT NOV3 14380 10 +0.07 -8.23 LME Zinc 1882.25 -2.75 -0.15 -9.51 SHFE ZN FUT NOV3 14645 05 +0.03 -8.78 LME Nickel 14274.00 -86.00 -0.60 -16.33 LME Lead 2059.00 -6.00 -0.29 -11.63 SHFE PB FUT -- -- -- -- LME Tin 19505.00 0.00 +0.00 -16.65 LME/Shanghai arb^ -302
Shanghai and COMEX contracts show most active months ($1 = 6.1360 Chinese yuan)
(Reporting by Manolo Serapio Jr.; Editing by Richard Pullin)