Recasts and updates prices

BEIJING, July 24 (Reuters) -Copper prices slipped again on Wednesday, and were hovering around a three-and-a-half month low hit in the previous session, amid demand concerns in top consumer China and a risk-off sentiment.

Three-month copper on the London Metal Exchange CMCU3 was down 0.1% at $9,161 per metric ton by 0656 GMT, its lowest since April 3.

The most-traded September copper contract on the Shanghai Futures Exchange SCFcv1 lost 0.5% to 74,950 yuan ($10,302.55) a ton, also its weakest since April 3.

Lower-than-expected second quarter economic growth and a lack of targeted stimulus to boost China's ailing property sector from last week's policy meeting sparked sell-off in metals.

Broadly, investors switched off risk appetite as they assess a possible U.S. administration led by Donald Trump might set more trade tariffs, impacting demand and the global economy, traders said.

However, the falling prices encouraged more demand in the spot market, which will lead to a gradual decline in copper inventories in China, said Shanghai Metals Market in a note.

The yangshan premium SMM-CUYP-CN, an indicator of import demand, rose to a three-month high of $18 per ton on Tuesday.

Miner Freeport-McMoran FCX.N remains bullish on copper demand, helped by massive investment in the power grid, renewable generation technology, infrastructure and transportation.

LME lead CMPB3 gained 0.3% to $2,066 a ton, zinc CMZN3 added 0.5% at $2,702, tin CMSN3 jumped 2.3% to $30,105, nickel CMNI3 ticked up 0.2% to $16,060, while aluminium CMAL3 was little changed at $2,296.50.

Citi delivered large amounts of lead to LME-approved warehouses in Singapore on Monday for profitable financial deals, three sources said, taking total LME stocks of the battery metal to their highest since early May.

SHFE aluminium SAFcv1 dipped 0.2% to 19,325 yuan a ton, nickel SNIcv1 rose 0.1% to 128,400 yuan, lead SPBcv1 added 0.3% to 19,155 yuan, tin SSNcv1 moved up 0.8% to 252,690 yuan and zinc SZNcv1 declined 0.9% to 23,040 yuan.

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($1 = 7.2749 Chinese yuan renminbi)

Reporting by Siyi Liu and Mei Mei Chu; Editing by Subhranshu Sahu and Varun H K

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