April 2017 cable raw materials (aluminum) monthly report

Abroad, the US economic data released in April showed that the Michigan consumer confidence index fell, the expansion of the Markit manufacturing PMI slowed, the ISM non-manufacturing composite index slowed, the non-farm payrolls data was far lower than market expectations, retail sales contracted for two consecutive months, and wage growth was weak, which shows signs of correction in the overall US economic data
.
On April 11, Yellen said in a speech at the University of Michigan that the US economy is currently "quite healthy", adhering to a neutral monetary policy approach, and believes that gradual interest rate hikes are appropriate
.
But in this speech, Yellen did not mention the Fed's balance sheet reduction plan
.
As its rhetoric was not as "hawkish" as the market expected, the dollar index was under pressure
.
At the same time, the strong intervention of the United States has caused the situation in Syria and North Korea to heat up suddenly, triggering market demand for safe-haven yen, and the geopolitical escalation dragged down the dollar through the euro and yen on the
one hand.
Overall, under the combined influence of these factors, the US dollar is under pressure and falls below the 100 integer mark, but in the long run, the US economy continues to be in a state of continuous recovery, and there is also support below the US dollar, which is expected to remain volatile in the near future
.

Domestically, since the beginning of this year, the domestic manufacturing industry has been showing a stable and positive trend, and the PMI data released shows that the official manufacturing PMI rose to a new high of 51.
8% in the past five years in March, and ran in the expansion range for eight consecutive months; Caixin's manufacturing PMI was 51.
2, although it fell from February, but it was still in the expansion range, coupled with better than expected urban fixed asset investment, real estate development investment, and retail sales of consumer goods in March; China's gross domestic product (GDP) in the first quarter of 2017 was about RMB18.
06 trillion, up 6.
9% year-on-year and hitting a new high
in nearly six quarters.
This growth rate is higher than China's official full-year economic growth target of about 6.
5%.
Recently People's Bank of China President Zhou Xiaochuan said in a statement on the IMF website that China can achieve its economic growth target
of about 6.
5% this year.
The voice of senior leaders has strengthened the confidence of the market, and it can be seen that the Chinese economy is currently in a state
of continuous and stable operation.