The copper market has rebounded into positive territory this morning, but remains near the lower end of this week's heavy sell-off. News that Chinese copper imports during January rose by more than 7% was widely thought to be a supportive factor and was seen as helping to lift prices well above their overnight lows. A weaker Dollar was also thought to have helped March copper in finding some support, but many traders feel that sentiment remains fairly weak with several negative factors still pressuring the market. Sustained strength in energy prices, elevated exchange stock levels, and the residual impact of Chinese tightening measures are all thought likely to weigh on copper prices during the near future. LME Copper Stocks were 411,750 tons, down 50 tons.
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