Copper eased a bit today after sharp gains in last session as market factored in increase in demand from China on hopes of easy monetary policy. China's Politburo announced plans to loosen monetary policy for the first time in 14 years. This pushed up the red metal nearly 2% as a break above $4.20 per pound extended. The counter eased today though and currently trades down 0.47% at $4.26 per pound. The change in Chinese monetary narrative is welcome news for Copper though as the demand from world's leading Copper consumer is already witnessing a surge. China's copper imports edged up in November to hit one-year high, customs data showed today. Imports of unwrought copper and products stood at 528,000 tons last month, up 4.3% from October's imports, data from the General Administration of Customs showed.

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