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METALS-London copper supported by resilient China property

(Adds comment, detail, updates prcies) MELBOURNE, Nov 20 (Reuters) - London copper was little changed on Monday after a report showed China's property sector, a major metals consumer, remained resilient in October but a stronger dollar capped gains. China's new home prices rose at a slightly faster pace in October after gains had held steady the previous month, as prices remained resilient in the face of falling sales and a tighter liquidity environment. 1/8 nL3N1NQ01M 3/8 "We are of a view that China's underlying fundamentals in the property sector remain sound," said Argonaut in a report. "This confirms our view that (any) commodity price rout during the weak winter season in China would be short-term ... We recommend buy on weakness."

FUNDAMENTALS

* LME: Three-month copper on the London Metal Exchange traded at $6,769.50 a tonne by 0445 GMT, down 0.1 percent and paring small 0.6 percent gains from the previous session. Prices have found support around the $6,713-$6,715 level, in line with a one-month low hit last week.

* SHFE: Shanghai Futures Exchange copper rose 0.1 percent to 52,970 yuan ($7,984) a tonne.

* CURRENCIES: The euro hit a two-month low against the yen on Monday and eased against the dollar as German Chancellor Angela Merkel's efforts to form a three-way coalition government failed, raising concerns over political uncertainty in the euro zone's largest economy.

* NEW CALEDONIA: Tsunami waves have been observed in New Caledonia after a magnitude 7 earthquake struck between the Pacific Islands on Monday, the Pacific Tsunami Warning Center said. Eramet said its New Caledonian nickel operations were not affected.

* NICKEL: LME nickel slipped 0.6 percent, cutting into Friday's 1.8 percent advance and heading back towards one-month lows.

* PHILIPPINES: Philippine President Rodrigo Duterte has not lifted a ban on open pit mining, his spokesman said on Monday, amid plans by a government panel to seek the removal of the policy.

* INVESTORS: Hedge funds and money managers cut their net long position in copper futures and options to the lowest since July, in the latest week the U.S. Commodities Futures Trading Commission said on Friday.

* SHFE COPPER OPTIONS: The China Securities Regulatory Commission has approved an application from the Shanghai Futures Exchange (ShFE) to trade copper futures options, the official Shanghai Securities News reported on Sunday.

* SHFE ALUMINIUM: Prices fell 2 percent, breaking below the 200-day moving average, with the chart picture deteriorating and signaling further losses. Prices have been supported by production cutbacks in China over winter.

MARKETS NEWS

* Asian shares eased on Monday, with investor sentiment hurt the euro skidded after German coalition talks hit an impasse.

PRICES

0434 GMT

Three month LME copper 6769.5 Most active ShFE copper 52960 Three month LME 2083

aluminum

Most active ShFE 15135

aluminum

Three month LME zinc 3160.5 Most active ShFE zinc 25205 Three month LME lead 2435.5 Most active ShFE lead 18685 Three month LME nickel 11505 Most active ShFE nickel 93480 Three month LME tin 19480 Most active ShFE tin 142900 LME/SHFE COPPER LMESHFCUc3 569.87 LME/SHFE ALUMINIUM LMESHFALc3 -910.42 LME/SHFE ZINC LMESHFZNc3 414.71 LME/SHFE LEAD LMESHFPBc3 -835.77 LME/SHFE NICKEL LMESHFNIc3 2645.33

($1 = 6.6245 Chinese yuan renminbi)

($1 = 6.6345 Chinese yuan renminbi)

(Reporting by Melanie Burton; editing by Richard Pullin)