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METALS-Most Shanghai metals ease on uncertainty over U.S.-China trade talks

MANILA, May 8 (Reuters) - Prices for most Shanghai base metals fell on Wednesday amid uncertainty over U.S.-China trade talks this week, but London copper pulled away from lows marked in the previous session.

The long-standing trade conflict between Washington and Beijing has slowed the global economy and clouded the outlook for demand from top metals consumer China.

Market participants are braced for stormy conditions to persist, industry sources attending LME Asia Week events in Hong Kong this week said.

FUNDAMENTALS

* The most-traded copper contract on the Shanghai Futures Exchange fell as much as 1.1 percent to 47,760 yuan ($7,054.86) a tonne.

* Benchmark copper on the London Metal Exchange was up 0.6 percent at $6,216 a tonne as of 0206 GMT, after trading near 2-1/2 month lows on Tuesday.

* CHILE: Copper production at Chile's top mines dropped sharply in the first quarter of 2019, Chilean copper commission Cochilco said on Tuesday, amid a perfect storm of operational issues, heavy rains and falling ore grades at the largest deposits.

* TALKS: Chinese Vice Premier Liu He will travel to Washington for two days of trade talks this week, China said on Tuesday, setting up a last-ditch bid for a deal that would avoid a sharp increase in tariffs on Chinese goods ordered by U.S. President Donald Trump.

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MARKETS NEWS

* Asian equities tracked Wall Street's slide on Wednesday as the latest developments in the U.S.-China trade conflict fanned fresh fears about global growth, driving support for safe-haven government bonds.

DATA/EVENTS (GMT)

0600 Germany Industrial Output MM March

N/A China Exports YY April

N/A China Imports YY April

N/A China Trade Balance USD April

PRICES

Three month LME copper

Most active ShFE copper

Three month LME aluminium

Most active ShFE aluminium

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 = 6.7698 Chinese yuan)

(Reporting by Enrico dela Cruz; Editing by Joseph Radford)