Improved risk appetite boosts US copper at open

NEW YORK, Nov 9 (Reuters) - U.S. copper futures opened the
week with gains of more than 1 percent on Monday, after a
pledge from the Group of 20 to keep economic stimulus measures
in place slammed the dollar and boosted risk appetite.

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

* Copper for December delivery HGZ9 firmed 3.25 cents to
$2.9850 a lb by 10:23 a.m. EST (1523 GMT) on the New York
Mercantile Exchange's COMEX division.

* Range ran from $2.9550 to $3.0020.

* COMEX estimated futures volume at 11,552 lots by 9 a.m.

* Metals complex up on account of plunging dollar and
buoyant energy complex - MF Global analyst Edward Meir.

* Dollar index .DXY down at a 15-month low after G20
meeting and U.S. employment data on Friday did little to change
outlook that U.S. interest rates will stay low for some time.
[USD/] [ID:nN06178752]

* Copper underpinned by reassuring pledge from G20 to keep
economic stimulus measure in place until recovery intact.
[ID:nL7204184]

* Increased copper sales premiums from Chile's Codelco to
Japanese and South Korean customers indicative of a tightening
copper concentrate market. Indicates robust physical demand for
copper concentrate - Dahlman Rose. [ID:nT230071]

* Market awaits China's October trade and output data later
in the week, where imports of unwrought copper and
semi-finished copper products expected to fall.
[ID:nHKG157207]

* China's annual real consumption of refined copper
expected to grow 10.2 percent in 2009 versus a 7.5 percent rise
last year. [ID:nPEK226389]

* China's locally produced copper scrap expected to peak as
early as 2014. [ID:nPEK226850]

* London Metal Exchange (LME) warehouse stocks jumped 3,900
tonnes to 389,475 tonnes on Monday, their highest level since
early May. [LME-STOCKS]

* COMEX copper warehouse stocks increased 843 short tons on
Friday, bringing total levels to 65,003 short tons. [CMWSU]

* Noncommercial net short position in COMEX copper futures
edge up to 9,062 lots in week ended Nov. 3 from 9,055 lots a
week earlier. Open interest grew to 140,662 contracts in the
week from 138,431 contracts in the week of Oct. 27.
[ID:nN06206760]

* LME three-month copper MCU3 last traded at $6,580 a
tonne, up $90 from Friday's close.
(Reporting by Chris Kelly; editing by Jim Marshall)