Shanghai copper falls

The most-active September copper contract on the Shanghai Futures Exchange fell 0.7 percent to close the session at 71,640 yuan per tonne on Friday." The possibility of QE3 wasn't clear in the first place, so now that it's taken off the table, it doesn't hurt that much," Dongzheng Futures trader Du Xiao Hua said.
"What's stopping ShFE copper prices from surging higher right now is the fact that prices are too high while credit is still tight in China. But downstream demand is good with end users reporting strong orders on their books," Du said.