MARKET TALK: China Copper Futures Fall On LME Losses

Copper futures traded on Shanghai Futures Exchange sharply lower on Friday's LME 3-month losses; they're "likely to be weighed further by rising arrivals of imports this week", says Star Futures senior analyst Pang Ying. Adds technical support for LME 3-month at $5,600, then $5,100; "unless fundamentals improve - LME stocks stabilize or even decline - bearish sentiment may send prices lower." SHFE Benchmark March 2007 contract at CNY53,030/ton, down CNY1,600. LME 3-month at $5,605/ton, down $5 from Friday's PM kerb.