Copper trading range for the day is 398.6-409.8.
Copper declined amid speculation an official scrutiny of debt proceeds in China, may lead to potential defaults, curbing demand for copper.
A report by the ICSG showed an even bigger projected global surplus of 400 000 tons as demand lags behind the output growth.
The global surplus of copper may reach 140 000 tons in 2014, almost four times larger than previously estimated as demand in China, slows.
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