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MARKET TALK: LME Copper Down A Tad On SHFE Copper

Wednesday, Dec 13, 2006
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LME 3-month copper last at $6,850/ton, down $10 on London PM kerb and tracking Shanghai copper, says HK-based trader. SHFE most active copper down CNY550 at CNY 63,660/ton, but holding up well amid thin volume, especially on nearby contracts, as losses not as steep as overnight $80 drop on LME 3-month copper, notes trader; if SHFE stays at current levels, may give boost to LME at London open.

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