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MARKET TALK: LME Copper May Soften In London Trade

Monday, Mar 26, 2007
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LME copper may ease in London trade after weak close Friday, high prices dampening consumer buying interest, no fresh fundamentals news, says Hong Kong-based trader at international house. LME 3-month copper last at $6,799/ton, +$79 on London Friday PM close; hit 3-month high Friday at $6,865 before giving up all gains to end flat. Adds, though fund buying behind recent rally in copper, there's "plenty of people willing to sell at these numbers."

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