(Recasts, updates prices) By Pratima Desai LONDON, Nov 8 (Reuters) - Copper prices rose on Monday asstrong export growth data from top consumer China, fallinginventories and the passing of a $1 trillion U.S. infrastructurebill boosted sentiment, though gains were capped by concern overChinese demand. Benchmark copper on the London Metal Exchange (LME)was up 1.2% at $9,637 a tonne at 1658 GMT. The price of copper,which is used in the power and construction industries, hastraded in a narrow $300 range over the past week as the marketawaits more definitive information about future demandprospects. "Industrial metals are still faced with headwinds amid signsof an easing energy crisis and demand destruction that addedpressure on the economic outlook from the largest consumer(China) and elsewhere in the world," said ING analyst Wenyu Yao. "As a result, the outcomes from China's Politburo meetingthis week will be closely scrutinised for clues on demand-sideprospects for metals." EXPORTS: China's export growth beat forecasts, helped bybooming global demand ahead of the winter holiday season, aneasing power crunch and improvement in supply chains that havebeen badly disrupted by the COVID-19 pandemic. COPPER: Stocks in LME-registered warehouses have more thanhalved since late August to 115,525 tonnes. Cancelled warrants - metal earmarked for delivery - at 62%suggests overall stocks are set to fall further. Concerns aboutcopper availability on the LME market have created a premium forcash copper over the three-month contract . USA: President Joe Biden on Saturday hailed congressionalpassage of a long-delayed $1 trillion infrastructure bill, whichsupported sentiment in industrial metals markets. TECHNICALS: Copper has yet to break decisively below acongestion area between $9,450 and $9,490, which houses the50-day moving average, the 100-day moving average and aFibonacci retracement level. Further strong support comes in at $9,350, where the 200-daymoving average currently sits. OTHER METALS: Aluminium rose 2.1% to $2,609 a tonne,zinc added 1.4% to $3,273, lead rose 0.2% to$2,357, tin was up 0.9% at $37,400 and nickel gained 1.1% to $19,640. (Reporting by Pratima DesaiEditing by David Clarke and David Goodman)
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