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METALS-Copper falls amid weak China data, resumption of Peru exports

Mai Nguyen

(Adds quotes, details; Updates prices)

SINGAPORE, Aug 14 (Reuters) - London copper fell on Wednesday on weak Chinese data and as a resumption of copper exports from some of Peru's top mines, following weeks of suspension, soothed supply concerns.

Copper exports from Peru's port of Matarani have restarted after anti-mining protests that had blocked key infrastructure in the country's southern copper belt eased over the weekend, a spokeswoman for the port operator said.

China's July industrial output growth fell to a more than 17-year low, while retail sales expansion in the month was slowing mainly due to weaker auto sales as the trade war with the United States intensifies. Meanwhile, fixed-asset investment growth during January-July was less than expected.

Three-month copper on the London Metal Exchange eased 0.3% to $5,808.50 a tonne by 0355 GMT, snapping a jump of 1.5% in the previous session supported by news that the United States would delay some tariffs on Chinese goods.

"(The data is) still weaker than expectations and semis production is also at the same pace. The trade issue will last for a long period of time," CRU's copper analyst He Tianyu said.

"Trump's policy and tweets will shift copper prices in very short time, (but) the real demand cannot change so quickly."

The most-traded copper contract on the Shanghai Futures Exchange rose 0.2% to 46,680 yuan ($6,648.53) a tonne.

FUNDAMENTALS

* PRICES: London aluminium edged down 0.1%, nickel dropped 1.4%, zinc eased 0.3% and lead fell 0.2%. Shanghai aluminium dipped 0.1%, nickel fell 0.2%, lead decreased 0.4%, while zinc increased 0.5%.

* ALUMINIUM: China produced 2.98 million tonnes of aluminium in July, down 2.2% year-on-year, its National Bureau of Statistics said, putting daily output at around 96,000 tonnes, down from around 99,000 tonnes in June.

* U.S.-CHINA: U.S. President Donald Trump on Tuesday backed off his Sept. 1 deadline for 10% tariffs on some Chinese imports, while U.S and Chinese trade representatives conducted renewed trade discussions.

* INDONESIA ORE: Indonesia's President Joko Widodo will make the final decision on whether the country brings forward an export ban on mineral ore that is currently due to come into force in 2022, the minister in charge of mining said on Tuesday.

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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 = 7.0211 Chinese yuan renminbi) (Reporting by Mai Nguyen; Editing by Rashmi Aich and Shounak Dasgupta)