September 2017 cable raw materials (rubber) monthly report

1.
Macroeconomic news

1.
Recently, the National Bureau of Statistics released data on the national consumer price index (CPI) and industrial producer price index (PPI) for August 2017, showing that the CPI increased by 0.
4% month-on-month and 1.
8% year-on-year; PPI rose 0.
9% month-on-month and 6.
3%
year-on-year.
Zhao Guoqing, senior statistician of the Urban Department of the National Bureau of Statistics, said on September 9 that the increase in CPI and PPI in August has expanded
.

2.
The number of initial jobless claims in the United States in the week of September 16 was 259,000, expected to be 302,000, and the previous value of 284,000 was revised to 282,000
.
The number of renewed jobless claims in the United States for the week of September 9 was 1.
98 million, compared with 1.
975 million expected, and the previous value of 1.
944 million was revised to 1.
936 million
.
Claims for unemployment benefits again saw an unexpected decline, but claims continued to rise
in the affected areas.
The number of initial applicants fell by 23,000 from the previous week, and fell below the threshold of 300,000 for the 133th consecutive week, the longest cycle
since the 70s of the 20th century.

3.
The preliminary manufacturing PMI of the euro area in September was 58.
2, a new 79-month high, 57.
2 expected, and 57.
4
in the previous month.
Eurozone services PMI flash reading for September was 55.
6, a four-month high, 54.
8 expected, 54.
7
prior.
The Eurozone flash composite PMI for September was 56.
7, a four-month high, 55.
6 expected, 55.
7
previously.

4.
From September 18 to September 22, the central bank's open market reverse repurchase operation was 450 billion, achieving a weekly net investment of 330 billion
.
Judging from the central bank's recent operation in the open market, the idea of "cutting peaks and filling valleys" has not changed, and its attitude of calming down currency market fluctuations is clear, which helps to stabilize market expectations, and the supply and demand of short-term market funds are tending to improve
.
As the end of the quarter approaches, although the demand for funds is relatively concentrated and the supply pressure is difficult to ease quickly, there is still "support" from the release of financial deposits at the end of the month, and the capital should be no big problem across quarters
.