The copper market remains in a slightly positive track into the Friday morning US trade action. Copper clearly benefited from a slight return to risk-on environment, which in turn seems to have been the result of hope that recent EU Repo action will at least temporarily tamp down talk of a partial break up of the Euro zone. The copper market was also given a lift from favorable Chinese refined copper import projections earlier this week and that mentality might have been given an added boost by news of a decline in weekly Shanghai copper stocks last night. However, Shanghai Deliverable Stocks were pegged at 112,061 tons for a decline of only 1,239 tons. Furthermore, LME Copper Stocks were put at 466,025 tons for a decline of only 125 tons overnight but LME Copper stocks have declined in 12 of the last 20 days. In the end, calm news flow from the Euro zone and a favorable Chinese demand tilt looks to leave the bull camp with a slight edge. Technical traders might also give the edge to the bull camp, as December copper prices to this week's lows, were sitting 14 cents a pound below this week's highs.