Cable raw materials (aluminum) weekly report (11.20-11.24)

Domestic: Since the beginning of this year, due to the large fluctuation of the US dollar exchange rate, the impact on the cost and profit accounting of enterprises has been relatively large
.
If the local currency appreciates and the foreign currency depreciates, it will directly affect the income of export enterprises, increase exchange gains and losses, affect the financial accounting of export enterprises, and compress the profit margins
of enterprises.
According to data released by the central bank on November 13, the increase in social financing in October 2017 was 1.
04 trillion yuan, indicating that the total scale of social financing in the first 10 months reached 16.
7 trillion yuan, which is higher than the total social financing scale of 1.
618 billion yuan in the first 11 of last year
.
The large-scale capital investment is the embodiment of the central government's implementation of the overall strategy of the Belt and Road Initiative, the internal adherence to the supply-side structural transformation but the effective implementation of the idea of moderately expanding domestic demand, which also means that China's economy will remain stable
in the future for a certain period of time.

Internationally: On October 27, the US Department of Commerce released data showing that the real GDP of the United States in the third quarter increased by 3% annualized month-on-month, significantly higher than the market expectation of 2.
6%, an increase of 2.
3% year-on-year, and a further increase
from 2.
2% in the second quarter.
Good data shows that the foundation of the US economy, that is, the major US companies have gradually emerged from the previous recession, in fact, most of the US large companies are improving performance and increasing profits
.
This upturn is also reflected in
the US stock market, which continues to record new highs.
On November 3, the US Department of Labor released data showing that after quarterly adjustment, the US unemployment rate in October was 4.
1%, down 0.
1 percentage points from the previous month, the lowest level
since December 2000.
The good situation also shows that the economy is running smoothly
.

2.
Analysis of this month's market trend