Cable raw materials (copper) weekly report (3.12-3.16)

International aspects:

1.
The US non-farm payrolls report for February was strong, with non-farm payrolls rising by 313,000, the largest increase in a year and a half, but wage growth of 2.
6% annualized was less than expected
.

2.
The US CPI monthly rate in February increased by 0.
2% in line with expectations, the quarterly CPI annual rate of 1.
80% at the end of February was unchanged from the expected value and the previous value, and the unseasonally adjusted core CPI annual rate of 2.
20% in February was also in line with expectations
.
Inflation rose moderately, and expectations of more than three rate hikes by the Federal Reserve within the year cooled
.

Domestic aspects:

1.
The domestic economic growth target for this year is set at about 6.
5%, down 0.
4%
from last year's actual economic growth of 6.
9%.
The slowdown reflects the end of China's intensive industrialization phase, its transition to a post-industrial society, China's rebalancing has been positive, and living standards have continued to rise
.

2.
China's industrial data from January to February was significantly better than expected, the consumption structure was upgraded at an accelerated pace, and high-quality consumption maintained rapid growth; The development of new momentum is accelerating, and manufacturing and high-tech industries continue to maintain rapid growth
.

Second, this week's market trend analysis