MARKET TALK: High Copper Price To Slow China Buying -ABN Amro

 Rising copper prices likely to staunch Chinese buying in 2Q, warns ABN Amro. Notes strong 1Q Chinese demand helped LME copper prices rebound from Feb. 2 low of $5,250/ton to Friday's 2007 high of $6,935; as this buying has been "largely restocking rather than genuine consumption," higher prices will slow buying, consumers to draw down stocks. LME 3-month copper last traded at $6,875/ton, +$25 on London Friday PM kerb, after gaining $95 in London Friday.