MARKET TALK: LME Copper Dn On Chinese Selling; Weak Bias

LME copper last at $5,550 ton, down $60 on London PM kerb on selling by Chinese players, as limit-down losses on Shanghai Futures Exchange prompt players to liquidate LME positions, says Hong Kong-based trader. "People long on Shanghai are selling on LME as opposed to not being able to sell Shanghai." Trader adds market bias on copper, base metals remains downward; hedge funds looking to sell in falling market, base metals tracking lower oil prices.