September 2016 cable raw materials (rubber) monthly report

1.
Macroeconomic news

January and August saw the pace of expansion of non-manufacturing activity in the United States at its lowest
pace 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.

4.
According to the latest data from the Ministry of Commerce, from January to August, the actual amount of foreign funds used in the country was 548.
83 billion yuan, a year-on-year increase of 4.
5% (excluding data from banking, securities and insurance).

In August, the actual amount of foreign funds used was 57.
32 billion yuan, a year-on-year increase of 5.
7%.

According to customs statistics, from January to August, the country's imports and exports were 15.
4 trillion yuan, down 1.
8%
year-on-year.
Among them, exports were 8.
8 trillion yuan, down 1%; Imports were 6.
5 trillion yuan, down 2.
9%.

5.
The Bank of Japan announced its monetary policy decision on September 21, keeping the policy rate unchanged at -0.
1% and the monetary base unchanged at 80 trillion yen per year, but said that in order to achieve the inflation target, it decided to introduce a "QQE policy with yield curve control", including maintaining the 10-year yield near
the current level.
At the same time, it was decided to revise the policy framework and abolish the target of the average maturity of
Japanese government bonds.