The copper market has generally remained under the 460.00 level in the March contract, and has seen a number of closing and opening values clustered around the 454.45 level. A sharp jump up in LME copper stocks, an uneventful return of China after the Lunar New Year holiday and building concerns of rising global interest rates have been widely seen as negative factors for the copper market. Some traders are suggesting that the January through early February rally may have factored an improvement for the US economy, while other traders feel that the market will also be watching for any sign of fresh supply side threats from Chile. LME Copper Stocks were 396,400 tons up 4,375 tons.
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