(Recasts on zinc market, updates prices)
SYDNEY, Aug 18 (Reuters) - Zinc prices rallied close to decade-highs for the second time this week on Friday, leading mixed trading in base metals.
Traders said zinc was lifted by expectations of robust demand for steel in China. The metal is primarily used to galvanise steel.
The gains came despite data showing China's home price growth slowed in July, reinforcing expectations that property price growth may stagnate over the course of the year, a negative for industrial commodities.
* LONDON ZINC: Three-month London Metal Exchange Zinc was fetching $3,110 a tonne at 0700 GMT, up 1.6 percent. The contract this week hit a peak of $3,147 a tonne, the highest since late 2007.
* SHANGHAI ZINC: The most traded zinc contract on the Shanghai Futures Exchange closed 2 percent higher at 26,150 yuan ($3,916.90) a tonne.
* STEEL REBAR: Chinese stockpiles of rebar stood at 3.78 million tonnes as of Aug. 11, less than half of this year's peak of 8.4 million tonnes reached in February, according to SteelHome consultancy <SH-TOT-RBARINV>.
* LONDON COPPER: LME copper reversed earlier losses to rise 0.4 percent to $6,518 a tonne
* SHANGHAI COPPER: ShFE copper ended 0.37 percent lower.
* COPPER SMELTER: Dongying Fangyuan Nonferrous Metals Co., one of China's largest copper smelters, has closed the second stage of its smelter in Shandong province for maintenance, a company official said on Thursday.
* COPPER STOCKS: Copper prices were supported as LME inventories continued to fall <MCUSTX-TOTAL>. On-warrant stocks - those not earmarked for delivery and therefore available to investors - have slid 46 percent over the past month.
* LEAD: ShFE lead lost 1.68 percent. LME lead gained nearly 1 percent to $2,413 a tonne after shedding 4.1 percent overnight - the biggest one-day loss since mid-April.
* LEAD BOOST: Lead has been an unlikely and unforeseen beneficiary of the North Korea missile crisis, as a new round of U.N. sanctions includes the country's lead exports.
* SCRAP EXCLUSION: China said on Thursday it will still allow imports of some kinds of steel and non-ferrous scrap as the world's largest commodities consumer outlined the first concrete details of its plan to curb waste imports as part of its war on pollution.
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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 = 6.6762 Chinese yuan renminbi)
(Reporting by James Regan; Editing by Richard Pullin and Joseph Radford)