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Cable raw materials (aluminum) weekly report (5.9-5.13)

 Last Update: 2022-12-02
 Source: Internet
 Author: User

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First, macroeconomics

Domestically: After market worries caused by China's weak economic data last week, China's April CPI and PPI data released this week did not show any bright spots: China's CPI in April was flat at 2.
3% for three consecutive months, down 0.
2% month-on-month, and April's PPI fell 3.
4% year-on-year, narrowing for four consecutive months, and rising 0.
7%
month-on-month.

Abroad: The latest weekly initial jobless claims in the United States of 294,000 were much higher than market expectations and hit a new high for the year, indicating that the improvement in the US labor market is not stable, but this positive factor did not last long before it was defeated by hawkish comments from many Fed executives, and the rapid deterioration of market sentiment triggered a sharp decline
in copper prices.

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