US copper futures lost more than 1 percent of their value early Friday after a significant build in warehouse stock levels in China reinforced fears of a demand slowdown in the world's top metals consumer. Copper for September delivery was trading down 4.85 cents at $3.6665 a lb by 10:13 am EDT (1413 GMT) on the New York Mercantile Exchange's Comex division.
The morning range tightened to $3.6505 to $3.70. Technical support in September contract pegged at $3.65 to $3.63. Resistance seen at $3.80 followed by the psychological $4.00 level.
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