METALS-London copper slips as dollar revives on easing trade jitters

MELBOURNE, April 6 (Reuters) - London copper eased on Friday as the dollar rose, but steadied for a second week as worries over an escalating trade conflict between China and the United States eased and expectations of rising seasonal demand in the second quarter supported prices.

FUNDAMENTALS

* COPPER London Metal Exchange copper slipped by 0.8 percent to $6,764 a tonne by 0049 GMT, paring a 1.4 percent advance from Thursday. Prices were set to climb by half a percent this week, the second such gain in a row. This suggests prices may be settling after logging a 7 percent loss in the first quarter, the biggest downdraft since the fourth quarter of 2015.

* SHFE: The Shanghai Futures Exchange is closed for a second day on Friday for the Tomb Sweeping Festival and will reopen on Monday.

* TRADE TENSIONS: The United States is willing to negotiate with China on trade, but only if talks are serious, as previous attempts produced little progress, a senior U.S. official told Reuters late on Thursday as trade tensions between the two nations escalated.

* DOLLAR: The dollar rose to a two-week high against a currency basket on Thursday, bolstered by a rebound on Wall Street and signs the United States is looking to resolve a trade dispute with China.

* CONGO: International mining companies have insisted that Democratic Republic of Congo amend portions of a new mining code to respect exemptions they were granted by its predecessor.

* BATTERIES: China's securities regulator has approved the 13.1 billion yuan ($1.97 billion) initial public offering of Chinese battery giant Contemporary Amperex Technology Co Ltd (CATL), the official Xinhua news agency said on Thursday.

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MARKETS NEWS

* U.S. stock markets slid and the yen rose against the dollar on Friday after U.S. President Donald Trump proposed additional tariffs on China, aggravating trade tensions and smothering a revival in broader investor risk appetite.

DATA/EVENT AHEAD (GMT) 0600 Germany Industrial output Feb 0645 France Trade data Feb 0645 France Current account Feb 1230 U.S. Nonfarm payrolls Mar 1230 U.S. Unemployment rate Mar 1730 Federal Reserve Chairman Jerome Powell speaks on the U.S. economic outlook before the Economic Club of Chicago

BASE METALS PRICES 1239 GMT Three month LME copper 6763 Most active ShFE copper 0 Three month LME aluminium 2007 Most active ShFE aluminium 0 Three month LME zinc 3234 Most active ShFE zinc 0 Three month LME lead 2382 Most active ShFE lead 0 Three month LME nickel 13275 Most active ShFE nickel 0 Three month LME tin 0 Most active ShFE tin 0

(Reporting by Melanie Burton; Editing by Michael Perry)