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Comex copper

settles weaker

NEW YORK: Comex copper settled lower in thin trading that remains rangebound as the dearth of market moving news continued.

"The number of moves was very low. There was a bit of selling on the Comex September to LME September, but it's getting a bit too late to get involved in arbitrage there now," said a trader.

"Everything is rangebound until we can manage to break out of the range," the trader added.

September COMEX closed at 136.40 cents a lb, down 0.45 cent, and traded between 137.40 and 135.90 cents a lb.

Volume was an estimated 7,500 lots compared to Wednesday's official 5,477.-Reuter