Recasts, updates prices

BEIJING, July 23 (Reuters) -Copper prices slid further on Tuesday to hit their lowest in more than three months amid growing concerns about demand from top consumer China after the latest policy pledges left market participants disappointed.

Three-month copper on the London Metal Exchange CMCU3 dropped 0.8% to $9,145 per metric ton by 0429 GMT, while the most-traded September copper contract on the Shanghai Futures Exchange SCFcv1 fell 2% to 74,710 yuan ($10,270.26) a ton.

Both contracts were at their lowest levels since April 3.

"There are growing fears of worsening economic situation," a Chinese futures trader said.

Last week, China reported weaker-than-expected second-quartereconomic growth, raising concerns about metals demand and sparking a sell-off in the market.

On Monday, the country's central bank surprised markets by cutting major short- and long-term interest rates, its first such broad move since August last year.

However, this did little to ease concerns around demand. The market was also disappointed by a lack of further stimulus from the plenum last week, ANZ analysts said in a note.

Amid subdued domestic consumption, Chinese copper producers shipped out a record 157,751 metric tons last month, contributing to higher inventories in LME warehouses that weighed on prices.

The global refined copper market showed a 65,000 ton surplus in May, compared with an 11,000 metric ton surplus in April, the International Copper Study Group (ICSG) said in its latest monthly bulletin.

But with falling prices, trades in China became more active this week, traders said.

LME lead CMPB3 slipped 0.3% to $2,076 a ton, zinc CMZN3 was 0.9% lower at $2,702, tin CMSN3 declined 1.9% to $29,325, nickel CMNI3 was down 0.5% at $16,105, while aluminium CMAL3 gained 0.4% to $2,309.

SHFE aluminium SAFcv1 dropped 1.3% to hit its lowest in about four months at 19,290 yuan a ton, nickel SNIcv1 slid 0.8% to 127,980 yuan, lead SPBcv1 lost 1.2% to 19,055 yuan, tin SSNcv1 tumbled 4% to 247,600 yuan and zinc SZNcv1 moved down 1.4% to 23,095 yuan.

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($1 = 7.2744 Chinese yuan)

Reporting by Siyi Liu and Mei Mei Chu; Editing by Subhranshu Sahu and Eileen Soreng

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