METALS-London copper in tight range on U.S. debt standoff
SINGAPORE, Oct 7 (Reuters) - London copper barely moved on Monday as a lack of progress on resolving the U.S. fiscal standoff cooled demand expectations, while top consumer China was absent for the last day of its week-long break.
* Three-month copper on the London Metal Exchange was barely changed at $7,255 a tonne by 0100 GMT, after gains of one percent from the previous session.
* Copper prices have been trapped in a $7,000-$7,500 band since early August and remain down more than 8 percent for the year.
* The Shanghai Futures Exchange will reopen on Tuesday after a week of holidays.
* Washington entered the fifth day of a partial government shutdown on Saturday with no end in sight even as another, more serious conflict over raising the nation's borrowing authority started heating up.
* A prolonged U.S. budget standoff would hit global markets very hard, the Bank of Japan warned on Friday as it said it was ready to top up its existing massive stimulus if the recovery underway in the world's third-largest economy was threatened.
* When he took the helm of Norilsk Nickel last December as part of a deal that ended a long-running shareholder battle, Russian billionaire Vladimir Potanin hinted he saw himself in the job for roughly two years.
* China is expected to import more refined copper in 2014 as Beijing steps up building of power networks, rail lines and low-cost homes, while domestic production is likely to be squeezed by tight scrap supply, industry sources said.
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* Asian markets look set for a cautious start to the week on Monday, with U.S. stock futures and the dollar coming under pressure as politicians in Washington showed no signs of making progress over the weekend in resolving the U.S. budget standoff.
0500 Japan Coincident indicator
0500 Japan Leading indicator
0830 Euro zone Sentix index
Three month LME copper
Most active ShFE copper
Three month LME aluminium
Most active ShFE aluminium
Three month LME zinc
Most active ShFE zinc
Three month LME lead
Most active ShFE lead
Three month LME nickel
Three month LME tin
(Reporting by Melanie Burton; Editing by Ed Davies)