The most-traded February copper contract on the Shanghai Futures Exchange dropped 1.6 percent to close at 53,590 yuan a tonne on Friday, and declined 3.5 percent on week, its third consecutive weekly fall. The current price levels of copper may draw Chinese buyers, said Bonnie Liu, analyst at Macquarie Bank in Shanghai. "I see good level of buying from China at $7,200-$7,300 level and I see more money available as well," said Liu.