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MARKET TALK: LME Copper Up, But Selling Pressure Looms

Tuesday, Apr 03, 2007
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LME copper short positions on the rise, prices trending towards $7,000/ton could find some "good selling interest", says Standard Bank. Market still counting on ongoing demand from China, to offset bearish signals from U.S., Eurozone. Participants keenly watch Asian LME stock movements following 5,000-ton inflow in Busan yesterday. LME 3-month copper last trades at $6,980, up $10 vs yesterday's PM kerb.

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