METALS-London copper eyes longest winning streak for more than a decade

MELBOURNE, Sept 8 (Reuters) - London copper edged up on Friday and was set for a ninth straight week of gains, as slow and steady Chinese and global manufacturing growth fuels the metal's longest winning run since 2006.


* London Metal Exchange copper edged up 0.1 percent to $6,904 a tonne by 0139 GMT, after finishing flat in the previous session.

* Copper is on track for nine consecutive weeks of gains, taking prices up around 19 percent. Copper last rose for nine weeks in a row between March and May 2006, when prices rallied more than 70 percent to $8,800 a tonne.

* Shanghai Futures Exchange copper fell 0.6 percent to 52,710 yuan a tonne.

* The dollar fell against the euro as European Central Bank head Mario Draghi said the central bank was looking at how to wind down its 60 billion-euro-a-month buying program. The bank kept its growth and inflation outlooks unchanged.

* The LME sought on Thursday to win back trading volumes by proposing a cut in fees for trades crucial to its physical user base as rivals gear up to offer alternatives. For a factbox:

* Japan's economic growth in the second quarter was much slower than seen in a stellar preliminary reading, government data showed on Friday, confounding hopes for a long awaited pick-up in domestic demand.

* The U.S. Senate on Thursday approved $15.25 billion in aid for areas affected by Hurricane Harvey and other natural disasters, along with measures that would fund the federal government and raise its borrowing limit through Dec. 8.

* China's economy continues to defy expectations for a slowdown, buoyed by strong global demand for its exports and a resilient property market - despite a government pledge to crack down on rising risks.

* LME nickel rallied 1 percent as China's steel prices gathered steam although Shfe nickel was little changed. Shfe cut transaction fees for nickel and tin this week, but the most active months January, May and September weren't included, so volumes have shown little impact so far.

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* Asian shares edged up on Friday as investors kept a wary eye on another U.S. storm, while the dollar skidded after European Central Bank chief Mario Draghi suggested the bank may begin tapering its massive stimulus program this autumn.


*China Trade balance Aug

0600 Germany Trade balance Aug

0645 France Industrial output Jul

0830 Britain Industrial output Jul

1400 U.S. Wholesale sales Jul

*No exact timing


Three month LME copper

Most active ShFE copper

Three month LME aluminum

Most active ShFE aluminum

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


(Reporting by Melanie Burton; Editing by Richard Pullin)