METALS-Copper falls on firm dollar, Europe concerns

SHANGHAI, Sept 24 (Reuters) - Copper fell on Monday, weighed
down by a firmer dollar and festering concerns on Europe's debt
crisis.

FUNDAMENTALS
* Three-month copper on the London Metal Exchange
had fallen 0.5 percent to $8,238 per tonne by 0119 GMT, after
rising 0.1 percent in the previous session.
* The most active January copper contract on the Shanghai
Futures Exchange dropped 1.1 percent to 59,090 yuan
($9,400) per tonne, after gaining 0.7 percent on Friday.
* The euro got off to a subdued start on Monday, having
suffered its first weekly decline in five after a recent batch
of weak economic data underscored challenges facing euro zone
policy makers.
* A stronger dollar weighs on prices of commodities
priced in the greenback, making them less attractive to buyers
holding other currencies.
* EU paymaster Germany said on Friday that Spain does not
need a European bailout, dousing financial market expectations
that Madrid will gain early relief from European Central Bank
bond-buying.
* Euro zone states are preparing to allow the bloc's
permanent bailout fund to leverage its capital in the same way
as its predecessor so it can reach a capacity of more than 2
trillion euros and rescue big countries if necessary, Der
Spiegel said on Sunday.
* China's implied consumption of refined copper rose 9.5
percent in August from the previous month because of fewer
exports and increased domestic production, according to Reuters
calculations based on official data released on Friday.

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MARKET NEWS
* Asian shares eased on Monday as investors shifted their
focus to economic fundamentals while monitoring progress in the
euro zone debt bailout scheme.

DATA/EVENTS (GMT)
0800 Germany Ifo business climate index
0800 Germany Ifo current conditions index
0800 Germany Ifo expectations index
1230 Chicago Fed National Activity index for August
1430 Dallas Fed Texas manufacturing index for September
1630 International Monetary Fund Managing Director
Christine Lagarde speaks on the state of the world
economy in Washington

Base metals prices at 0119 GMT
Metal Last Change Pct Move YTD pct chg
LME Cu 8238.00 -43.50 -0.53 8.39
SHFE CU FUT JAN3 59090 -650 -1.09 6.22
LME Alum 2102.75 -13.25 -0.63 4.10
SHFE AL FUT DEC2 15685 -55 -0.35 -0.98
HG COPPER DEC2 375.55 -3.35 -0.88 9.30
LME Zinc 2104.25 -11.25 -0.53 14.05
SHFE ZN FUT JAN3 15535 -195 -1.24 5.00
LME Nickel 17965.00 -210.00 -1.16 -3.98
LME Lead 2271.00 -17.00 -0.74 11.60
SHFE PB FUT 16010 -145 -0.90 4.71
LME Tin 20750.00 0.00 +0.00 8.07
LME/Shanghai arb 1677

Shanghai and COMEX contracts show most active months
^ LME 3-m copper in yuan, including 17 pct VAT, minus SHFE
third month

($1 = 6.3053 Chinese yuan)

(Reporting by Carrie Ho; Editing by Joseph Radford)