MARKET TALK: LME Copper Bounces From Low, Regains $5,600

LME 3-month copper bounces from morning low, +$15 vs London PM kerb at $5,615/ton, possibly on steady physical demand in China, expectation stocks at Shanghai Futures Exchange at end of week may be flat or lower on week, say traders. Copper remains rangebound between $5,500 and $5,950 in short term, though steady increase of stocks in U.S., Europe may exert some pressure on prices, says Maike Futures' Haihua Shen; "this is a kind of consolidation, but if stocks keep increasing, I think this range can't be sustained".