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METALS-Copper edges back towards 11-week peak

* Copper eyes Friday's peak of $5,854.50/T

* Lead prices reach highest since May 3

* LME/ShFE arb-http://tmsnrt.rs/2oQ5nm2 (Updates throughout, adds LONDON dateline)

LONDON, June 26 (Reuters) - Copper firmed on Monday, rising back towards the previous session's 11-week high as expectations for upbeat Chinese demand this year and concerns over mine supply lent support.

Other base metals also rose, with lead reaching a near eight-week high and zinc holding near Friday's 11-week peak as on-warrant London Metal Exchange stocks - metal not earmarked for delivery, and therefore available to the market - fell to their lowest in nearly a decade.

"Copper looks poised to move higher," Societe Generale analyst Robin Bhar said. "We've had some reasonably good data on the demand front out of China in terms of state power grid authorisations, better automobile production, a stable housing market. At the same time you've had supply concerns returning."

A seasonal uptick in electricity usage will likely buttress Chinese appetite for copper in the second half of the year, Argonaut Securities said in a report. China's tenders for state grid projects picked up in May to more than 8 from around two a month in April and March.

"We could look to now test some of the longer-term moving averages," Bhar said. "If we get a breakthrough, we could get some (fund) money coming back into the market."

* LME COPPER: London Metal Exchange copper was at $5,807.50 a tonne at 1000 GMT, up 0.1 percent, after a 1 percent gain in the previous session. LME copper touched its highest since April 7 on Friday at $5,854.50.

* COPPER STOCKS: Inventories of copper in London Metal Exchange warehouses <MCU-STOCKS> fell another 4,025 tonnes on Friday, exchange data showed, and are now down nearly 100,000 tonnes, or 28 percent, from their early May peak.

* POSITIONING: Hedge funds and money managers cut their net long position in copper futures and options by 13,552 contracts to 49,285 in the week to June 20, U.S. Commodity Futures Trading Commission data showed on Friday.

* ZINC STOCKS: Zinc stocks in LME warehouses <MZN-STOCKS> fell to their lowest since early 2009 at 301,175 tonnes, exchange data showed, while on-warrant stocks hit their lowest since late 2007 at 81,150 tonnes.

* ZINC AND LEAD: LME zinc was at $2,727 a tonne, up 0.9 percent but off Friday's peak of $2,747, its highest since April 7. Lead was up 0.8 percent at $2,247 a tonne, having earlier hit its highest since May 3 at $2,248.50 a tonne.

* HOLIDAY: Markets including Singapore, Malaysia, Indonesia, India and the Philippines are closed on Monday for the Muslim Eid al-Fitr holiday.

* OTHER METALS: LME aluminium was up 0.3 percent at $1,870 a tonne, while tin was 0.7 percent higher at $19,350 a tonne and nickel was up 0.5 percent at $9,125.

(Additional reporting by Melanie Burton in Melbourne; Editing by Edmund Blair)