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Copper And Cash-Pumping In China

|Includes:CYB, DSUM, SPDR S&P China ETF (GXC), PEK

Simon Hunt Strategic Services predicts that copper consumption in China will decline 8.5% to 5.6 million metric tons in 2012, marking the first decline since 2008: here.

In other news, the PBOC, China's central bank, pumped $42.14 billion worth of yuan into the country's banking system for a second time in two weeks. In late September, the PBOC had injected $57.9 billion into the banking system. These significant liquidity injections signal a shift in the Chinese government to more proactive stimulus policies to try and mitigate the effects of a potential slowdown in the economy, which is one of the main drivers of the falling demand for copper.

Stocks: GXC, PEK, DSUM, CYB