July 2017 cable raw materials (aluminum) monthly report

Domestically: The Obamacare replacement plan that Republicans in the U.
S.
Senate have been fighting for months failed to pass and failed to repeal
.
This caused the dollar index to fall sharply and hit a new stage low
.
At the same time, the latest Fed interest rate decision remains unchanged as expected, and market speculation will soon begin the Fed's balance sheet reduction plan
to gradually move away from the massive economic stimulus.
Whether the Fed wants to raise interest rates in December depends on whether the follow-up data is good
.
Once the data is not as expected, the dollar may continue to decline
.

Internationally: China's industrial added value above designated size in June was 7.
6% year-on-year, 6.
5% expected, and 6.
5%
in the previous month.
China's industrial added value above designated size in June (year-to-date) was 6.
9% year-on-year, 6.
7% expected, and 6.
7%
in the previous month.
China's Caixin manufacturing PMI for June was 50.
4, a three-month high, 49.
8 expected vs.
49.
6
prior.
China's second-quarter GDP was 6.
9% year-on-year, 6.
8% expected and 6.
9%
in the previous month.
China's urban fixed asset investment from January to June was 8.
6% year-on-year, 8.
5% expected, and 8.
6%
in the previous month.
China's social financing scale in June was 1.
78 trillion yuan, and the expected 1.
5 trillion yuan, the previous value was revised from 1.
06 trillion yuan to 1,062.
5 billion yuan
.
China added 1.
54 trillion yuan in new yuan loans in June, compared with 1.
3 trillion expected and 1.
11 trillion yuan in the previous month
.
China's June M2 money supply was 9.
4% y/y versus 9.
5% expected and 9.
6%
prior.
On the whole, China's macroeconomic operation in June was stable, but the continuous decline in PPI indicates that there are downside risks
to the macroeconomy.

2.
Analysis of this month's market trend