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    Home > Chemicals Industry > New Chemical Materials > December 2018 cable raw materials (copper) monthly report

    December 2018 cable raw materials (copper) monthly report

    • Last Update: 2022-12-14
    • Source: Internet
    • Author: User
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    First, macroeconomics

    First, macroeconomics

    Domestic aspects:

    1.
    The Bureau of Statistics announced on December 3 that the Caixin manufacturing PMI recorded 50.
    2 in November, slightly higher than the previous value and expectations, mainly due to favorable policies to support small and micro enterprises and private enterprises
    .

    2.
    On December 5, the Caixin service PMI value for November was 53.
    8, a big ahead of 50.
    8, and the data showed that inflation pressure was further eased
    .

    3.
    On December 14, it was announced that the year-on-year growth rate of industrial added value above designated size slowed to 5.
    4%, and the total retail sales of consumer goods slowed down to 8.
    1%, both of which were lower than market expectations, and the growth rate of consumption hit a new low since May 2003, while urban fixed asset investment from January to November rebounded for the third consecutive month, but the growth rate of infrastructure investment remained flat
    .

    4.
    On December 27, it was announced that the total profit of industrial enterprises above designated size in the country increased by 11.
    8% from January to November, of which the profit in November fell by 1.
    8%, recording negative growth
    for the first time in three years.

    International aspects:

    1.
    On December 12, British Prime Minister Aunt May struggled to win the no-confidence vote held by conservatives, avoiding a worse Brexit situation, but after a brief recovery, the pound is still difficult to hide
    .

    2.
    On December 18, Russian Energy Minister Novak said that Russia's crude oil production in December has exceeded 11.
    42 million barrels per day, and the annual average production will increase by 200,000 barrels per day
    .
    As Saudi Arabia and Russia continue to record production and U.
    S.
    crude oil inventories continue to rise, international oil prices have plunged again, and market risk aversion has surged
    .

    3.
    At 3 a.
    m.
    on December 20, the Federal Reserve announced that it would raise the US federal funds rate by 25 basis points to a range of 2.
    25%-2.
    5%, achieving the fourth interest rate
    hike this year.
    The dollar recovered briefly, but its support weakened
    due to lower expectations for GDP for the coming year and the number of interest rate hikes.

    4.
    After the G20 summit on December 1, China and the United States issued statements that the two sides reached a consensus in principle to stop adding new tariffs from January 1, 2019, and to intensify consultations
    in the direction of eliminating all additional tariffs.

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