MARKET TALK: China Copper Futures Little Changed; Eye LME

Copper futures on Shanghai Futures Exchange little changed in line with range-bound trade in LME 3-month copper; "participants are waiting for clues from LME 3-month of a rebound, which is possible if it can stabilize around $5,500 for a few sessions," says Dalu Futures analyst Wang Zheng. Notes still need to keep eye on LME copper stocks, which near key psychological 200,000 tons. Benchmark March contract at CNY52,370/ton, +CNY40. LME 3-month at $5,600/ton, down $20 vs PM kerb.