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MARKET TALK: LME Copper, Aluminum Down Tad Tracking SHFE

Tuesday, Dec 05, 2006
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LME copper, aluminum slightly lower in quiet Asian session, following losses on Shanghai Futures Exchange copper, aluminum contracts, says Mitsui Bussan's Koji Kasaba. Adds, LME prices almost unchanged from yesterday so Japanese consumers sidelined, "waiting to see what will happen next," tips more narrow range-trading. LME 3-month copper last at $6,970/ton, down $30 on London PM kerb; SHFE most active copper down CNY1,410 at CNY63,940/ton. LME 3-month aluminum at $2,803.50, down $8.50; SHFE most active aluminum down CNY100 at CNY20,180/ton.

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