MARKET TALK: China Copper Futures Nearly Flat, Eyeing LME

Copper futures traded on Shanghai Futures Exchange little changed as players awaiting more direction from LME 3-month counterpart; "as it didn't fall much last night, despite another sharp rise in stocks, some think we might see a rebound if it can continue to hold above $5,400 to $5,500," says GF Futures analyst Feng Baojun. "However, the possibility of more losses still exists, as stocks continue to rise." Benchmark March 2007 contract +CNY270 at CNY53,000/ton; LME 3-month at $5,665/ton, +$16 from PM kerb.