METALS-London copper slips from near three-month top

MELBOURNE, June 28 (Reuters) - London copper slipped on Wednesday from near three-month highs hit the previous session, as prices consolidated alongside a weaker dollar and amid concerns over Chinese demand in a tighter credit enviroment.


* London Metal Exchange copper slipped by 0.3 percent to $5,842 a tonne by 0230 GMT, following 1.1 percent gains in the previous session when prices struck a 2-1/2 month top at $5,868.

* Tuesday's top also matched the weekly 200 moving-day-average which has been a key resistance since late last year. A break of this level is likely to trigger more buying from investors who follow chart patterns, with copper targeting $6,000 again, a trader said. Equally, a failure to break this level could trigger long liquidation.

* Shanghai Futures Exchange copper traded up 0.4 percent at 46,740 yuan ($6,875.25) a tonne.

* Shanghai zinc premiums have eased $5 this week to $195 a tonne, reflecting easing in physical demand <ZN-BMPBW-SHMET>. Premiums surged on June 6 to $200, the highest since late 2013.

* China's economy continued to improve in the second quarter, with corporate profits rising and hiring up, a private survey showed, but it suggested the Asian giant may have to brace for tougher times ahead.

* China is capable of achieving its full-year growth target and controlling systemic risks despite challenges, Premier Li Keqiang said on Tuesday, adding that maintaining medium to high-speed long-term growth will not be easy.

* The U.S. dollar hit a more than nine-month low against the euro on Tuesday after the head of the European Central Bank opened the door to steps that might begin to reduce the central bank's emergency stimulus to the economy.

* China on Tuesday appointed a new environment minister who has promised a "protracted battle" to clean up the nation's notoriously polluted air, water and soil.

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MARKETS NEWS Asian shares slumped on Wednesday after Wall Street was knocked hard in the wake of a delay to a U.S. healthcare reform vote, while the euro rallied after European Central Bank President Mario Draghi hinted that the ECB could trim its stimulus this year.

DATA/EVENTS 0600 Germany Import prices for May 0600 Britain Nationwide house prices for Jun 0645 France Consumer confidence for Jun 0800 Euro zone Money supply for May 1230 U.S. Advance goods trade balance for May 1400 U.S. Pending homes sales for May 1430 European Central Bank President Mario Draghi participates in policy panel at ECB Forum in Portugal


Three month LME copper 5837.5 Most active ShFE copper 46750 Three month LME aluminum 1887.5 Most active ShFE aluminum 13935 Three month LME zinc 2744 Most active ShFE zinc 22470 Three month LME lead 2283.5 Most active ShFE lead 17595 Three month LME nickel 9190 Most active ShFE nickel 75630 Three month LME tin 19310 Most active ShFE tin 143480



($1 = 6.7983 Chinese yuan renminbi)

(Reporting by Melanie Burton; Editing by Richard Pullin)