MARKET TALK: LME Copper May Fall To $5,500 In Near-Term

LME 3-month copper last at $5,570/ton, down $60 vs London PM kerb, as sentiment damped by LME stock rise overnight, copper's failure to hold recent supports despite firmness in most other base metals, says HK-based trader; adds with SHFE copper near limit-down, market drawing some Chinese selling around $5600 on LME, adding to pressure. Expects LME copper to retrace to $5,500 short-term if $5,570-$5,585 fails to hold.