Liquidation in LME copper, nickel futures overnight inducing selling of zinc, as weak momentum carries through into Asia, says Tokyo-based trader at major Japan house. LME 3-month zinc down $35 on London PM kerb at $3,700/ton; copper down $35 at $7,765/ton. Says lack of fresh fundamentally bullish news makes zinc vulnerable to profit-taking in copper, may have peaked short-term. Adds, lead may also be pressured by softer tone in copper; lead 3-month contract untraded in Asia, last quoted at $1,980/ton, gained $25 overnight.
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