MARKET TALK: China Copper Futures Up After LME Gains Last Wk

Copper futures traded on Shanghai Futures Exchange higher, as 4% limit-up rise yesterday prevented it from matching gains in LME 3-month copper during week-long Labor Day holiday. "Market sentiment is quite bullish, as prices are underpinned by strong seasonal demand," says Shanghai trader; adds, more gains likely by end-May, in spite of short-term profit-taking. Benchmark July contract at CNY73,480/ton, +CNY1,000, or 1.4%. LME 3-month at $8,160/ton, down $4 from PM kerb