Cable raw materials (copper) weekly report (9.5-9.9)

Abroad, although the US non-farm payrolls data for August was less than expected, the increase was still higher than the Fed believes is enough to stabilize the unemployment rate, and supports the interest rate hike in December, and does not rule out the possibility
of a rate hike in September.
As a result, the dollar index showed a trend
of first declining and then rising.
Under the pressure of the strong oscillation of the US dollar, copper with strong financial attributes performed weakly
.
This state of affairs may be maintained until the end of the September interest rate meeting, and the next interest rate meeting will not be held until November, that is, the dollar will enter a two-month news window, and commodities may perform
.
At that time, it remains to be seen
whether copper can temporarily break free from the shackles of financial attributes.

Domestically, according to data released by the National Bureau of Statistics, China's CPI rose 1.
3% year-on-year in August, the fourth consecutive month of decline, and hit a new low since October 2015, lower than the expectation of 1.
7%, and the previous value was 1.
8%.

The PPI fell 0.
8% year-on-year in August, better than the expected decline of 0.
9%, and the PPI fell 1.
7% in July, and the PPI decline continued to narrow, but it was still the 54th consecutive month of decline
.
CPI, PPI reverse scissor gap continues to expand, due to China's domestic demand is not strong, short-term CPI strength pressure is still large, but PPI year-on-year growth rate is still expected to turn positive this year, economic data is mixed, nonferrous metal to maintain a consolidation trend
.