China imports? Commodities in the cross-hairs...

China imports? Commodities in the cross-hairs...

China just announced an unexpected increase in their trade surplus, a result of an unexpected decline in imports. Notable were the declines in commodity imports - especially copper, iron ore, and crude oil. Some might say this decline was seasonal sluggishness. Some might say it was only a matter of time. We think the risk is to the downside...

Market Vitals | 10 July 2012 ~ [http://r20.rs6.net/tn.jsp?e=001sN9W8qM6YK5qVcz6yfhLAnpIzKe-TsSF3mrhC4Vj05P-RF3LUIUIeinjo15QizGMgcatbvFU05UFC44zxeVx63Bh-CrPpsiYP2F1ORwdxJ4XQT0J3IhRP0Au6u2uYzWSBzTYcofHRZpXu97u50UU92lmGTY1ZshbLL__mJbBOHnxlBqXtqgxLORTCG3NSDlprdDFcXPo6Wc=