Copper prices continue to fall sharply lower as weak global equity markets are widely seen as keeping pressure on the market. News that Shanghai copper stocks overnight declined by 9,800 tons may be seen as a sign that Chinese demand is capable of supporting copper prices during the near future. Press reports overnight of Chinese buying may have given the market further strength but many traders feel the market may not be willing to get past big picture macro economic slowing fears. LME Copper Stocks were 464,550 tons, down 1,525 tons. Shanghai Deliverable Stocks were 102,253 tons, down 9,808.