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MARKET TALK: Copper,Aluminum Sentiment Neutral;Await Cues

Thursday, Dec 07, 2006
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Sentiment on copper, aluminum market neutral, likely to weaken after selling on LME aluminum yesterday, says trader at major Japanese house. Adds, aluminum's failure to rally after yesterday's options declaration weighing on base metal complex; metals face lack of direction due to sideways trading on Shanghai copper, aluminum, as well as precious metals, oil. Trader expects quiet opening on base metals in London, first impetus likely to come from LME morning stock figures. LME 3-month copper last at $6,960/ton, down $30 on London PM; aluminum at $2,770/ton, down $10.

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