While the copper market has recovered from overnight lows, March copper comes in the Friday morning US session with moderate losses as many traders have pointed to the hike in Chinese bank reserve requirements and a minor rise in weekly Shanghai copper stocks as the main negative factors for the market. The Chinese central bank raised reserve requirements by 0.50% this morning, their fourth increase during the past two months which is widely expected to cause a negative impact with Chinese copper demand over the next few months. While the market received news of a decline in Russian copper exports for the January through November 2010 time frame overnight, some traders feel there could be enough favorable US economic data today to keep overall demand fears to a minimum. LME Copper Stocks were 376,225 tons down 1,125 tons. Shanghai Deliverable Stocks were 132,647 tons, up 481 tons.