Shanghai copper down

The most-active January copper contract on the Shanghai Futures Exchange dropped 0.9 percent to 57,710 yuan ($9,081.18) per tonne, after falling 1.7 percent on Monday. "It's not just copper prices that are receding today, but also equities and the euro," Phillip Futures analyst Ong Yiling said.
"Events such as the lingering crisis in Greece and the unexpected slowdown in China's PMI culminated in investors paring some of their bullish bets on commodities after their huge rally at the end of last week."