Cable raw materials (aluminum) weekly report (5.16-5.20)

1.
According to a report released by the US Department of Labor, the number of initial jobless claims in the United States fell by 16,000 to 278,000 in the week ended May 14, falling sharply from a one-year high after three consecutive weeks of growth, although slightly below market expectations, but still below the 300,000 mark for the 63rd consecutive week, indicating that the labor market is still quite solid
.

2.
US industrial output in April was 0.
7% month-on-month, 0.
3% expected, and -0.
6% in the previous month was revised to -0.
9%.

U.
S.
manufacturing output rose 0.
3% m/m in April, the first increase in three months, 0.
3% expected, -0.
3%
prior.
U.
S.
equipment usage in April was 75.
4% vs.
75.
0% expected, revised to 74.
9%
in the previous month from 74.
8%.

3.
The US CPI in April was 1.
1% year-on-year, 1.
1% expected, and 0.
9%
in the previous month.
US CPI in April was 0.
4% month-on-month, the largest increase since February 2013; 0.
3% expected, 0.
1%
prior.
US core CPI for April was 2.
1% y/y vs 2.
1% expected and 2.
2%
prior.
US core CPI for April was 0.
2% m/m vs 0.
2% expected and 0.
1%
prior.

4.
Eurozone CPI in April was 0.
0% month-on-month, 0.
0% expected, and 1.
2%
in the previous month.
Eurozone April CPI year-on-year final value -0.
2%, expectations -0.
2%, preliminary value -0.
2%.

Eurozone core CPI for April ended 0.
7% y/y versus 0.
7% expected and 0.
7%
preliminary reading.

At the end of May and April Chinese the proportion of RMB foreign exchange fell by 54.
395 billion yuan to 23.
78 trillion yuan, the sixth consecutive month of decline, but the decline continued to narrow, more than 60%
from 144.
8 billion yuan in March.