Cable raw materials (rubber) weekly report (10.16-10.20)

1.
Macroeconomic news

January, September industrial output 0.
3% month-on-month, 0.
3% expected, September equipment utilization rate 76%, expectations 76.
2%, September manufacturing output 0.
1% month-on-month, 0.
2%
expected.
U.
S.
industrial output was flat and rebounded in September, reflecting optimism
about the health of the economy.
Industrial output rose 0.
3 percent month-on-month as construction and hydropower production began to rebound in September, and the increase is expected to expand
in October as the hurricane subsides, the Fed noted.

2.
Eurozone September CPI year-on-year final value 1.
5%, expected 1.
5%, preliminary value 1.
5%.

Eurozone September core CPI year-on-year final 1.
1%, 1.
1% expected, preliminary 1.
1%.

Eurozone CPI September was 0.
4% m/m vs.
0.
4% expected, revised to 0.
3%
in the previous month from 0.
3%.
Eurozone ZEW Economic Sentiment Index for October was 26.
7 vs 31.
7
previously.

3.
China's September PPI was 6.
9% year-on-year, 6.
4% expected, and 6.
3%
in the previous month.
The September CPI was 1.
6% year-on-year, below 2% for eight consecutive months, in line with expectations of 1.
6% and lower than the previous reading of 1.
8%.

The National Bureau of Statistics said that the year-on-year increase in CPI retreated, but the month-on-month increase was 0.
1 percentage points
larger than the previous month.
The Chinese Academy of Social Sciences expects China's CPI to rise 1.
7%
in the fourth quarter.
He also said that the downward pressure on China's economy still exists, will still be at the bottom of the L-shape, and it is necessary to innovate macro-control methods and methods in the fourth quarter, continue to promote supply-side reform, resolve hidden risks in the economy, and promote stable economic growth
.

Second, the analysis of natural rubber market trends