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MARKET TALK: China Copper Futures Flat; Waiting For LME

Tuesday, Dec 26, 2006
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Copper futures traded on Shanghai Futures Exchange little changed from Monday's close in thin trade, as waiting for clues from LME 3-month, after market opens after holiday, analysts say. "Yesterday's gains are just a correction, following sharp losses last week; market sentiment is still rather bearish, at least for short term," says Gu Yuan, senior analyst at Jinpeng Futures Co. Benchmark February 2007 contract at CNY59,540/ton, down 150.

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