Copper

0629 GMT [Dow Jones] LME copper moves sideways during Asian trading hours, traders expecting little change given low liquidity during Chinese New Year Holiday; Chinese demand after holiday seen to sharply rebound following Jan copper import data pointing to end of destocking phase of 2006. LME 3-month copper trades at $5,830/ton, up $25 vs Friday PM kerb. (EFB)


DJ MARKET TALK: LME Copper Subdued As Chinese Holiday Starts
0819 GMT [Dow Jones] Copper trade is seen subdued Monday and through the week ahead as Chinese lunar new year begins and expectations of impetus from buyers here fades, a broker notes. Small pockets of profit-taking is seen at the upper end of copper's current London Metal Exchange range with activity in the spreads quiet, he says. No pick up seen given absence of US due to Presidents Day holiday. LME copper trades last at $5,827 a metric ton, down 1% from Friday's high. (ADH)