MARKET TALK:China Copper Futures Almost Unch;LME,Comex CLosed

Friday, Apr 06, 2007
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Copper futures traded on Shanghai Futures Exchange little changed, despite 1.2% loss in LME 3-month copper, as lagged its gains in previous sessions; prices likely to see little change amid lackluster trade in session, as LME, Comex closed for Easter holiday Friday, Monday, providing no cues for SHFE. "Market is still closely eying domestic cash values," says trader in Shanghai. Benchmark June contract at CNY66,340/ton, +CNY90. LME 3-month at $7,450/ton, +$120 from PM kerb.

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