MARKET TALK: LME Copper +1.2% On Consumer Restocking

LME 3-month copper rises 1.2% as recent lower prices trigger consumer restocking, particularly ahead of Lunar new year, says Jonathan Barrett at Commodity Broking Services; "the fall since the start of the year has brought copper prices closer to what many people view as fair value." Nearby resistance at $6,117, traders say; last at $5,930/ton, +$51 on PM kerb.