Source: http://in.reuters.com/article/rbssIndustryMaterials
UtilitiesNews/idINN1233938920100312

 NEW YORK, March 12 (Reuters) - U.S. copper futures climbed
in early trade Friday on modest investor buying as the market
mulled whether tighter monetary policies will hit demand in the
United States and top consumer China, analysts said.

 For detailed report on global copper markets, click on
[MET/L]

 * Most active copper for May delivery HGK0 increased 1.15
cents to trade at $3.389 per lb on the New York Mercantile
Exchange's COMEX division.

 * Range from $3.3585 to $3.4065.

 * COMEX estimated futures volume at 8,685 lots by 9:00 a.m.
EST (1400 GMT).

 * Larry Young, an analyst for brokerage Infinity Futures,
said the metal seems to be enjoying some seasonal buying as
construction season gets going in the Northern Hemisphere.

 * He said there is concern about tightening monetary
policies in China and the United States.

 * "There should be some demand (out of) China even though
they could slow down," Young said.

 * Doubts about China have grown and were reinforced by
consumer inflation data which jumped to a 16-month high in
February. [ID:nLDE62B0PI]

 * Providing support for the metal is the steady decline of
inventories.

 * London Metal Exchange warehouse stocks <0#LME-STOCKS>
declined 3,075 tonnes to 532,575 tonnes on Friday.

 * COMEX copper stocks were down 38 short tons at 102,138
short tons as of Thursday. CMWSU

 * LME's benchmark copper CMCU3 bid at $7,445 a tonne at
9:23 a.m. EST (1423 GMT), dealing from $7,510 to $7,405.
 (Reporting by Rene Pastor; editing by Jim Marshall)