MARKET TALK: LME Copper Up; China Effect Eyed Overdone

Base metal losses on China stock market slump overdone, LME copper takes more cue from bearish U.S. housing data, says Managing Director Jonathan Barrett at Commodity Broking Services. "I think the China equity slump was a storm in a teacup. The market was due for a correction." Expects strong Chinese demand, market refocusing on fundamentals. LME 3-month copper last trades at $6,115/ton, up $100 vs yesterday's PM kerb.