MARKET TALK: China Copper Futures Down A Tad; To Consolidate

Copper futures on Shanghai Futures Exchange down slightly; "concerns over a follow-through drop in (China) shares, which would likely lead to further response in global equities market, are keeping commodities traders cautious," says Dalu Futures analyst Wang Zheng. Expects LME 3-month contract to continue consolidation at $6,000-$6,200 early next week; prices well supported by expectations of more active buying on spot market in mid-March, seasonal peak consumption time. Benchmark May SHFE contract at CNY57,150/ton, down CNY470; LME 3-month at $6,065/ton, down $45 from PM kerb.