Cable raw materials (aluminum) weekly report (8.8-8.12)

1.
China's trade surplus in July was 342.
8 billion yuan, with an expected surplus of 311.
85 billion yuan and a surplus of 311.
2 billion yuan
in the previous month.
China's July imports were -5.
7% y/y (in RMB) versus -1.
1% expected and -2.
3%
prior.
China's July exports were 2.
9% y/y (in RMB) versus 2.
3% expected and 1.
3%
prior.
China's July trade surplus was $52.
31 billion, versus $47.
3 billion expected, compared with $
48.
11 billion in the previous month.
China's July imports were -12.
5% y/y (in US dollars) versus -7% expected and -8.
4%
prior.
China's July exports were -4.
4% y/y (in US dollars) versus -3.
5% expected and -4.
8%
prior.

2.
China's July CPI was 1.
8% year-on-year, a six-month low, expected to be 1.
8%, and the previous value was 1.
9%.

China's July CPI was 0.
2% m/m vs -0.
1%
prior.
China's July PPI was -1.
7% year-on-year, narrowing for the seventh consecutive month, the smallest decline in nearly two years; -2% expected, -2.
6%
prior.
China's July PPI was 0.
2% m/m vs -0.
2%
prior.

3.
Eurozone GDP in the second quarter was 0.
3% quarter-on-quarter preliminary value, 0.
3% expected, and 0.
3%
prior.
Eurozone GDP in the second quarter was 1.
6% year-on-year preliminary and 1.
6% expected, and 1.
6%
previously.

4.
The US PPI in July was -0.
4% month-on-month, the largest decline since September last year; 0.
1% expected, 0.
5%
prior.
U.
S.
PPI in July was -0.
2% y/y vs 0.
2% expected and 0.
3%
prior.
US July core PPI -0.
3% m/m vs 0.
2% expected vs 0.
4%
prior.
US July core PPI 0.
7% y/y vs 1.
2% expected and 1.
3%
prior.