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

1.
Macroeconomic news

1.
According to a report released by the American Institute for Supply Management on the 6th, the expansion rate of non-manufacturing activities in the United States in August hit a new low
since February 2010.
Data showed that the index of non-manufacturing activity in the United States fell to 51.
4
in the month from 55.
5 in the previous month.
A reading above 50 indicates an expansion of non-manufacturing activity, while a reading below 50 indicates a contraction
in non-manufacturing activity.
In terms of details, the US non-manufacturing index of business activity fell sharply by 7.
5 points to 51.
8 in August, the new orders index fell 8.
9 points to 51.
4, and the employment index edged down 0.
7 points to 50.
7
.

2.
The Cabinet Office of Japan announced on the 8th that the revised value of gross domestic product (GDP) for the second quarter of 2016 increased by 0.
2% month-on-month after excluding price changes, and the annual rate increased by 0.
7%; There is a significant upward revision
from the initial values of 0 and 0.
2%.
So far, the Japanese economy has seen moderate growth
for the second consecutive quarter.

The official manufacturing PMI rebounded to 50.
4% in March and August, a 22-month high, and the service PMI maintained an upward
trend for three consecutive months.
During the same period, the Caixin manufacturing PMI also continued to maintain the boom and bust tipping point
of 50%.
All of this points to the recent stabilization of economic growth
.
Among them, the "production index", which represents production and economic activities, and the "new orders index", which reflects future demand, rebounded the most obviously, rising from 52.
1% and 50.
4% last month to 52.
6% and 51.
3%, respectively, with an improvement of 0.
5 percentage points and 0.
9 percentage points
, respectively.

Second, the analysis of natural rubber market trends