MARKET TALK: China Copper Futures Lower; Cash, LME Weighs

Copper futures on Shanghai Futures Exchange down sharply in line with lower LME 3-month prices, and "concerns that more arrivals of imports in coming weeks will weigh on cash prices," says Yong'an Futures analyst Wu Jianjian. Trade likely to shrink over session, as volatile prices keep speculators on sidelines, say analysts. Benchmark March 2007 contract at CNY54,730/ton, down CNY940, or 1.7%.