The copper market service short term outlook (STO) is published monthly and provides a forecast of copper supply and demand fundamentals over the next two years. Copper has recovered from its lows in mid September supported by the weaker dollar as well as new longs entering the market as speculators reduced their bearish stance on the metal. As metal has continued to flow out of the China reduced domestic inventories have triggered a recovery in premia as fabricators step back into the spot market. Interest elsewhere continues to remain lacklustre amid ongoing concerns about the outlook for the global economy. Meanwhile the industry is starting to prepare for the Mating Season and with the cathode market expected to remain in balance in 2017 and with scrap still expected to remain tight producers will be inclined to maintain current benchmark levels.