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METALS-Copper rises as private survey shows upbeat Chinese factory data

SINGAPORE, Sept 30 (Reuters) - Copper prices advanced on Monday after a private business survey showed China's factory activity unexpectedly expanded in September, as plants ramped up production and new orders rose.

The Caixin/Markit Manufacturing Purchasing Managers' Index (PMI) for September rose to 51.4 from 50.4 in August, marking the second straight month of expansion. Economists polled by Reuters had expected a dip to 50.2.

Three-month copper on the London Metal Exchange rose 0.2% to $5,779 a tonne by 0207 GMT, while the most-traded copper contract on the Shanghai Futures Exchange advanced 0.6% to 47,110 yuan ($6,609.15) a tonne.

However, a separate official survey showed China's factory activity shrank for the fifth straight month in September, pointing to persistent downward pressure on its economy amid a trade war with the United States.

The official PMI was at 49.8 in September, slightly higher than 49.5 in August, official data showed. The 50-point mark separates expansion from contraction on a monthly basis.

FUNDAMENTALS

* PRICES: The base metals complex mostly rose, with London aluminum rising 0.6%, nickel and zinc increasing 0.7% each, and lead advancing 0.9%. Shanghai aluminum dipped 0.2%, while zinc and lead rose 0.6% each.

* TRADE WAR: China hopes Beijing and Washington will resolve their trade dispute "with a calm and rational attitude," Vice Commerce Minister Wang Shouwen said on Sunday, ahead of expected high level talks on Oct. 10-11 between the two sides.

* CHINA: China plans to step up economic adjustments to counter its slowing economy while providing adequate liquidity in the economy, the central bank said on Sunday.

* ALUMINIUM: Premiums for aluminum shipments to Japan for October to December were set at $97 per tonne, down 10% from the previous quarter amid ample supplies in Asia and softening demand from the electronics and auto industries, sources said.

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MARKETS NEWS

* Asian shares and the Chinese yuan were off to a cautious start as investors looked to how Chinese financial markets will react to the news the U.S. administration is considering delisting Chinese companies from U.S. stock exchanges.

DATA/EVENTS (GMT)

0755 Germany Unemployment Chg, rate SA Sept

0830 UK GDP QQ, YY Q2

0900 EU Unemployment Rate Aug

1200 Germany CPI Prelim YY Sept

1200 Germany HICP Prelim YY Sept

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 = 7.1280 Chinese yuan) (Reporting by Mai Nguyen; editing by Uttaresh.V)