Cable raw materials (copper) weekly report (12.4-12.8)

International aspects:

1.
After the US Senate passed a large-scale tax law bill by a narrow margin, the market reacted violently, not only involving the change of the personal income tax threshold, but also mainly reducing the corporate income tax rate and reducing the burden
on enterprises.
This also stimulated the dollar, which came out of the bottom and continued to rally
.

2.
The change in ADP employment in the United States recorded 190,000 in November, in line with market expectations, but down 45,000 from 235,000 in the previous month, but the number of new jobs in the manufacturing industry reached a record high of
40,000.

Domestic aspects:

1.
China's Caixin composite PMI recorded 51.
6 in November, up 0.
6 percentage points from 51 in the previous month and hitting a three-month high, showing that the service industry maintained a stable and positive trend, and there is no significant downside risk
at present.

2.
China's exports in November increased by 12.
3% year-on-year (in US dollars), up 5.
3 percentage points from the previous month; imports increased by 17.
7% year-on-year (in US dollars) in November, up 0.
5 percentage points from the previous month and 17.
2%
in the previous month.
The sharp rebound in China's imports and exports indicates that the economic recovery in overseas markets is in a strong trend
.

Second, this week's market trend analysis