The most-traded July copper contract on the Shanghai Futures Exchange fell 0.67 percent to 54,910 yuan ($8,800) a tonne on Tuesday, holding above the prior session's seven-month lows. "We expect the Cyprus situation to be contained, with no further spillover, but technically and from what we see in terms of inventory dynamics, there is absolutely no reason to get immediately bullish" said Singapore-based analyst Dominic Schnider at UBS.