The most-traded May copper contract on the Shanghai Futures Exchange rose 1.3 percent to close at 60,400 yuan ($9,600) a tonne on Monday, chasing the Friday gains of its LME counterpart. Highlighting weak Chinese physical demand, stocks in Shanghai warehouses remained near levels last seen in 2002 at the end of last week, at more than 216,000 tonnes. That is in contrast to LME stockpiles, which stood at 303,500 tonnes on Friday, the lowest since September 2009.