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MARKET TALK: Shanghai Copper, Aluminum Track LME Higher

Monday, Nov 06, 2006
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Copper, aluminum on Shanghai Futures Exchange higher midday in response to gains on LME copper, aluminum Friday, says Star Futures' Jerry Wei. Benchmark January copper +CNY170 at CNY67,830/ton, aluminum +CNY300 at CNY20,150/ton; LME-3 month copper steady on London PM kerb at $7,330/ton. Wei says aluminum slightly stronger as last week's bearish news is now in the past, market eyeing strong physical demand from domestic consumers.

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