Copper under pressure

1416 GMT [Dow Jones] Expectations of increased copper demand from China are the "last ditch hope" for market bulls, says a US broker. China's not going to restock to anywhere near the levels people have been led to believe by market longs, he notes, and this will force a sharp slump in global copper prices. "Of course China will continue to buy but nothing like to the extent that the market needs to keep prices at current levels or to push them higher," he adds. London Metal Exchange copper trades last at $5,305 a metric ton, down 2% from $5,420/ton earlier. (ADH)