METALS-Base metals fall as U.S-China trade row escalates

(Adds Shanghai closing prices; updates London prices) BEIJING, April 4 (Reuters) - Base metals fell on Wednesday after the United States announced fresh tariffs on 1,300 Chinese products, including some metal products, escalating a trade row with China, which has vowed to respond. China, the world's top metals consumer, saw the services sector growth ease to a four-month low in March, according to the private Caixin/Markit services purchasing managers' index (PMI), while the country's central bank renewed a pledge to crack down on the unregulated shadow banking sector. There is a view that "the passage of this money into commodity markets for purely speculative purposes has or certainly will be stopped and the removal of this liquidity will more than likely increase volatility," Malcolm Freeman, CEO of Kingdom Futures, wrote in a note. The Shanghai Futures Exchange will be closed from the evening of Wednesday, April 4, for the tomb-sweeping holiday and will re-open on Monday, April 9.

FUNDAMENTALS

* SHFE COPPER: The most-traded May copper contract on the Shanghai Futures Exchange closed down 0.2 percent at 50,280 yuan ($7,986.66) a tonne, after five straight sessions of gains, as brokerages trimmed positions before the four-day weekend.

* LME COPPER: Three-month copper on the London Metal Exchange was down 0.2 percent at $6,781.50 a tonne after four consecutive sessions of gains.

* TECHNICALS: LME copper looks neutral in a narrow range of $6,770-$6,826 per tonne, and an escape could suggest a direction, Reuters technical analyst Wang Tao said.

* OTHER METALS: Zinc, used to galvanize steel, led the losses in the Shanghai base metals complex, closing down 1.1 percent at 24,620 yuan a tonne. Nickel fell 0.1 percent, aluminum shed 0.3 percent and lead lost 0.7 percent.

* UNITED STATES: The Trump administration on Tuesday raised the stakes in a growing trade showdown with China, announcing 25 percent tariffs on some 1,300 industrial technology, transport and medical products to try to force changes in Beijing's intellectual property practices.

* TRADE: China's commerce ministry said on Wednesday it "strongly condemns and firmly opposes" the proposed U.S. tariffs following the Section 301 probe and will take counter measures, according to the official Xinhua news agency.

* CHILE: Caserones copper mine in Chile said on Tuesday that it would temporarily shut down its copper concentrator in order to replace a leaking pipe.

MARKETS NEWS

* Asian share markets faltered on Wednesday as simmering Sino-U.S. trade tensions overshadowed a bounce on Wall Street and left investors reluctant to take positions in anything.

PRICES

BASE METALS PRICES 0708 GMT Three month LME copper 6781.5 Most active ShFE copper 50280 Three month LME aluminum 1990.5 Most active ShFE aluminum 14005 Three month LME zinc 3259 Most active ShFE zinc 24620 Three month LME lead 2388.5 Most active ShFE lead 18630 Three month LME nickel 13450 Most active ShFE nickel 100340 Three month LME tin 21200 Most active ShFE tin 145250

BASE METALS ARBITRAGE

LME/SHFE COPPER LMESHFCUc3 652.09 LME/SHFE ALUMINIUM LMESHFALc3 -517.75 LME/SHFE ZINC LMESHFZNc3 190.11 LME/SHFE LEAD LMESHFPBc3 168.31 LME/SHFE NICKEL LMESHFNIc3 448.85

($1 = 6.2955 Chinese yuan)

(Reporting by Tom Daly; Editing by Biju Dwarakanath and Subhranshu Sahu)