METALS-Shanghai zinc jumps 2 pct as supplies tighten, LME prices ease

(Adds quote, move in copper)

Oct 10 (Reuters) - Shanghai zinc jumped almost 2 percent on Wednesday, hitting its highest since mid-June as output cuts in China buoyed the market although prices in London ticked lower after rallying in the last session.

London copper eased after climbing almost 2 percent on Tuesday on tightening world supplies.

ZINC: The most-traded zinc on the Shanghai Futures Exchange gained 1.8 percent to 22,825 yuan ($3,298.93) a tonne by 0405 GMT, after earlier rising to 23,110 yuan a tonne, its loftiest since June 15. Three-month zinc on the London Metal Exchange slid 0.4 percent to $2,668 a tonne.

COPPER: LME copper shed 0.1 percent to $6,283 a tonne and Shanghai copper added 1.1 percent to 50,840 yuan a tonne.

INVENTORIES: "Copper inventories have been falling since March, zinc since June...," Standard Chartered bank said in a note. "Macro headwinds have weighed on supportive fundamentals."

CUTBACKS: Production cutbacks at China's zinc smelters in response to tighter environmental checks and weaker profits have tightened supply.

DEMAND: China accounts for nearly half of global refined zinc production of about 13.5 million tonnes. It is also the largest consumer of the metal.

STOCKS: Zinc inventories in LME-registered warehouses fell below 200,000 tonnes from more than 250,000 tonnes in August and are nearing 10-year lows. <MZNSTX-TOTAL>

SHANGHAI: Stockpiles in Shanghai Futures Exchange storehouses are at 29,204 tonnes, the lowest since 2007. <ZN-STX-SGH>

DEMAND: Demand for refined zinc will exceed supply by 322,000 tonnes this year and 72,000 tonnes in 2019, the International Lead and Zinc Study Group (ILZSG) said on Monday.

PRICES

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

ARBS ($1 = 6.9189 Chinese yuan)

(Reporting by Naveen Thukral; Editing by Subhranshu Sahu and Sunil Nair)