MARKET TALK: LME Copper Forwards Steady; Borrowers Bullish

The forward spreads in London Metal Exchange copper remain steady despite volatility in the underlying market and implies near-term borrowers remain bullish, a broker says. "Expect outright December 2010 and Dec 2011 to be bought," the broker adds. LME three-month copper trades at $5,795 a metric ton, up slightly from $5,725/ton overnight.