Near term price pullback will reverse
* Raises 2009 forecast to $2.14 per lb, 2010 to $2.50
* China's economic recovery will widen and deepen

Morgan Stanley (MS.N) has hiked its 2009 and 2010 copper price forecasts, partly because of a strong recovery in China, the world's largest consumer of the metal used in power and constrution.

The bank raised its 2009 copper price forecast by 48 percent to $2.14 per lb from $1.45 previously. For next year, the forecast was raised 52 percent to $2.50 per lb.

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