MARKET TALK: Physical Copper Demand Picks Up In US

There may be a marginal pick up in physical copper demand underway in the US as most consumers entered 07 underbought, says a merchant. "The stock hangover is long gone," he adds. This will be price supportive going forward, he notes, unless more material becomes available for delivery. LME copper is last at $7,925 a metric ton, +2% overnight.