MARKET TALK: LME Copper Draws Support From China Data

LME copper well supported on China import data; "bullish statement on demand," says Standard Bank. Also while Shanghai Futures Exchange copper stocks sharply higher, LME stocks still on downward trajectory, down 20% since start of year, stocks fall another 1,175 tons to 141,300 tons overnight. LME 3-month copper last trades at $7,760/ton, up $5 vs Tuesday PM kerb; support at $7,600/ton.