METALS-Copper slips as macro concerns, firmer dollar weigh

(Adds analyst comment, updates prices)

Nov 17 (Reuters) - Copper prices fell on Monday, weighed down by a slightly firmer dollar, fading hopes for another Federal Reserve rate cut and a host of macro concerns.

Benchmark three-month copper on the London Metal Exchange was down 0.5% at $10,797.50 per metric ton as of 1036 GMT. The metal used in power, construction and manufacturing is considered a bellwether for the health of the global economy.

"There is little change to the underlying narrative in base metals this morning, with the market largely defined by muted activity as participants wait for delayed U.S. economic data and clarity on monetary policy," Neil Welsh, head of metals at brokerage Britannia Global Markets, said in a note.

Some Fed policymakers have expressed concerns about inflation, questioning whether another rate cut before the end of the year is necessary. Meanwhile, the U.S. said it would start to release economic data delayed by the government shutdown, including the September jobs report.

The dollar index nudged up 0.1%. A stronger dollar makes dollar-denominated metals more expensive for investors using other currencies.

Sentiment also continues to be held back by macro signals from top metals consumer China, where recent industrial data has been lacklustre even as major infrastructure and green energy investments support long-term demand for industrial metals.

"It's all macro-related," Panmure Liberum analyst Tom Price said of copper's decline. "If you look across the copper signals, price actions are high and restricted to a tight range and all the other signals look like they are deteriorating."

The cash LME copper contract last traded at a $15 a ton discount to the three-month forward , indicating no pressing need for short-term metal.

Aluminium fell 0.6% to $2,842 a ton, zinc nudged up 0.2% to $3,024.50, nickel shed 0.9% to $14,755, after hitting its lowest since April, and tin added 0.2% to $36,790.

Lead slipped 0.3% to $2,056, after 42,025 tons of inflows into the LME warehousing system in Kaohsiung. (Reporting by Tom Daly; additional reporting by Dylan Duan and Lewis Jackson; Editing by Rashmi Aich and Shilpi Majumdar)