The copper market was able to post a moderate recovery this morning but weak global equity market action after yesterday's recovery in US markets yesterday afternoon suggests for some traders that fears of global economic slowing remains in place. News that Chinese August copper output reached a new record level was thought to have pressured copper prices, as Chinese August copper production was almost 30% higher versus year ago levels during a vulnerable demand environment. Going forward, China is still expected to battle inflation and concern for the Euro zone debt crisis is also expected to keep buying of industrial commodities limited. LME Copper Stocks were 466,000 tons up 875 tons.
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