Cable raw materials (rubber) weekly report (5.7-5.11)

First, macroeconomics

1.
US CPI in April was 0.
2% month-on-month, 0.
3% expected, -0.
1% prior; YoY 2.
5%, 2.
5% Expected, 2.
4%
prior.
Core CPI 0.
1% m/m vs 0.
2% expected vs.
0.
2% prior; YoY 2.
1%, 2.
2% Expected, 2.
1%
prior.
US April PPI 0.
1% m/m vs 0.
2% expected vs.
0.
3% prior; YoY 2.
6%, 2.
8% Expected, 3%
prior.
Core PPI 0.
2% qoq, 0.
2% expected, 0.
3% prior; YoY 2.
3%, 2.
4% Expected, 2.
7%
prior.

2.
The Bank of England's May decision to maintain interest rates as expected by the market was dovish, and President Carney said at a press conference that the economic situation since February this year did not meet the conditions for raising interest rates, and it is expected to raise interest rates once this year
.
Carney said the UK economy is slowing, consumption is sluggish and Brexit is still uncertain, but he affirmed trade and employment, and believes that the momentum of economic growth will restart, and the Bank of England's interest rate hike will be gradual, cautious, but not passive
.

In March and April, China's CPI fell month-on-month, and the year-on-year increase declined
.
The 1.
9% drop in food prices was the main factor
behind the decline in CPI.
Year-on-year, pig prices fell by 16.
1% year-on-year, becoming the biggest drag on CPI
.
This year's inflation pressure is generally controllable, China's CPI and PPI have not significantly improved the foundation in the short term, monetary policy has a large space, and the steady and neutral tone will not change
.
Under a prudent and neutral monetary policy, the relationship between supply and demand is expected to remain stable, and prices will remain stable except for the rise in the price of some living services
.