MARKET TALK: Weak LME Copper Caps Shanghai Copper Gains

LME 3-month last at $6,690/ton, easing from morning gains spurred by Xstrata copper mine strike in Chile, likely to remain range bound in short term, says Maike Futures' Haihua Shen. Notes weakness in LME copper weighing on Shanghai Futures Exchange copper futures; most-active February down CNY80 at CNY62,700/ton. Tips very narrow range trading for Shanghai copper rest of day, next cue likely to come from LME copper on London opening.