August 2016 cable raw materials (copper) monthly report

In China, China's July economic data generally declined, and copper demand due to weak economy worried the market
.
In early August, a number of important economic data were released in China, and the results were mostly unsatisfactory, China, as a major copper consumer, the economic operation is weak, and the market is increasingly worried about China's consumer demand
.

In the United States, the Fed's interest rate hike has been attracting market attention, and the Fed has continuously released hawkish signals this month, and Yellen's hawkish speech at the end of August has pushed the interest rate hike agenda to the highest focus of the market
.
The market once again speculated about the Fed's interest rate hike expectations, the dollar strengthened, and the August ADP data released by the United States on August 31 performed brightly, and interest rate hike expectations heated up again, but further expectations need the guidance
of non-farm payrolls.

In addition to important economic data guidance from China and the United States, the performance of the crude oil market has also affected the trend
of copper futures to a greater or lesser extent.
Oil prices in August as a whole peaked and pulled, OPEC producers also have their own arrangements, and the market is not optimistic
about the expectation of a frozen production agreement at the OPEC meeting.
Heightened oversupply fears weighed on oil prices to fall for six consecutive years, putting pressure
on copper prices recently.