February 2017 cable raw materials (aluminum) monthly report

Internationally: The US ISM manufacturing PMI in February hit a new high since August 2014, and the Eurozone manufacturing PMI also hit a six-year high in February, and external demand gradually improved
.
In his first speech since becoming president, Trump said he would ask Congress for $1 trillion in infrastructure spending to replace America's "broken infrastructure," with a focus on roads, bridges, tunnels, airports and railways
.
Re-mentioning $1 trillion in infrastructure spending exceeds the previous White House forecast of $550 billion in infrastructure spending, but there is no specific plan, and progress is not expected to be too fast
.
U.
S.
infrastructure is expected to be consumed by the market, stimulating positive market sentiment
.

Domestically: China's official manufacturing PMI in February was 51.
6, higher than expected and prior, standing on the boom-dry line
for seven consecutive months.
New export orders were 50.
8, the highest in 31 months, indicating an improvement
in the external demand environment.
At the same time, the recovery in new orders, production and import indices reflected strong
domestic demand.
In addition, it is worth noting that raw material inventories have rebounded by 0.
6 percentage points, indicating that some enterprises have replenished raw materials before the arrival of the traditional peak season
.
At present, the expectation index of production and operation activities is high, and the willingness of enterprises to replenish stocks is strong, which is positive for the price of metal raw materials
.