(Adds analyst comment and dateline, updates prices)
By Polina Devitt
LONDON, Sept 8 (Reuters) - Copper prices inched up on
Monday, supported by a weaker dollar, outflows from the
warehouses registered with the London Metal Exchange and hopes
of a stronger import demand in China this month.
Benchmark copper on the LME added 0.1% to $9,902.50
a metric ton at 0947 GMT.
Import appetite in top consumer China also underpinned the
market, with the Yangshan copper premium up 1.8%
to $58 a ton, its three-month high.
China's yuan hit a one-week high against the U.S. currency,
making dollar-priced metals more attractive for the Chinese
buyers.
Chinese imports of unwrought copper in August fell from the
July to 425,000 tons but rose from a year ago, while imports of
copper concentrates climbed to 2.76 million tons, a four-month
high.
"Lower treatment charges failed to curtail China's appetite
for copper concentrate," analysts at ANZ said in a note.
"Favourable import parity and prospects of weaker domestic
production should keep refined copper imports strong in
September."
China's overall exports growth slowed to a six-month low in
August, while imports grew 1.3%, following 4.1% growth a month
earlier.
LME-registered copper stocks stood at 155,825
tons, with outflows of 2,125 tons across several locations and
fresh cancellations of 8,500 tons in South Korea, LME daily data
showed.
LME aluminium gained 0.7% to $2,618.50 a ton as
on-warrant aluminium inventories in the LME
storage fell to 442,425 tons, the lowest since late July, after
32,000 tons of fresh cancellations in Malaysia.
LME zinc gained 0.1% to $2,864, lead climbed
0.4% to $1,992.50, tin added 0.5% to $34,345 and nickel
rose 0.6% to $15,315.