SINGAPORE - Most industrial metals rose on bargain buying on Tuesday after prices tumbled in recent sessions due to escalated trade tensions between China and the United States.

China said on Monday it would impose higher tariffs on most U.S. imports on a revised $60 billion target list, hitting back at a U.S. tariff increase on $200 billion worth of Chinese goods, just days after markets were expecting a trade deal.

Benchmark copper rose 0.8% to $6,060 a tonne at 0207 GMT, rebounding from a 15-month low hit in the previous session, while lead pulled back from a 33-month low hit on Monday, rising 0.7% to $1,797.50 a tonne.

"The selloff has been a little overdone so I suspect there's a bit of opportunistic buying. Metals' upside has been constrained due to the cloud surrounding the macro backdrop," said Daniel Hynes, a senior commodity strategist at ANZ.

"There's a good chance we could see some of the losses we saw over the past few days recovered, but I think the upside is limited for the moment until there is some sort of clarity around the trade agreement between U.S. and China," Hynes said.

FUNDAMENTALS

* Copper inventories in warehouses approved by the London Metal Exchange (LME) fell further on Friday to its lowest since April 25 at 203,750 tonnes, latest data showed.

* The copper market should see a deficit of 189,000 tonnes this year, widening to 250,000 tonnes in 2020, the International Copper Study Group said on Monday.

* Three-month aluminium on the LME rose 0.1% to $1,811.50 a tonne, nickel advanced 0.6% and zinc increased 0.9%.

* All base metals in Shanghai fell, with the most-active copper contract losing 0.3% to 47,560 yuan ($6,917.62) a tonne.

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MARKETS NEWS

* Shares in Asia extended losses following sharp falls on Wall Street overnight, the yen strengthened and U.S. Treasury yields ticked lower as the trade war between China and the United States escalated.

DATA/EVENTS (GMT)

0600 Germany HICP Final YY April

0630 India WPI Inflation YY April

0830 UK Claimant Count Unem Chng April

0830 UK ILO Unemployment Rate March

0900 Germany ZEW Economic Sentiment May

0900 Germany Zew Current Conditions May

PRICES

Three month LME copper

Most active ShFE copper

Three month LME aluminium

Most active ShFE aluminium

Three month LME zinc

Most active ShFE zinc

Three month LME lead

Most active ShFE lead

Three month LME nickel

Most active ShFE nickel

Three month LME tin

Most active ShFE tin

ARBS ($1 = 6.8752 Chinese yuan)

(Reporting by Mai Nguyen; Editing by Shreejay Sinha)

© Reuters News 2019