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Cable raw materials (copper) weekly report (1.15-1.19)

 Last Update: 2022-12-08
 Source: Internet
 Author: User

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First, macroeconomics

Domestic aspects:

1.
China's GDP (gross domestic product) in 2017 recorded 827122 billion yuan, a year-on-year increase of 6.
9%, higher than the market expectation of 6.
8%.

The 6.
9% achievement means that China's economic growth has accelerated for
the first time in the past seven years.

2.
The added value of China's industries above designated size in December increased by 6.
2% year-on-year, up 0.
1 percentage points
from the growth rate in November.
Last year, the added value of industries above designated size was 6.
6% year-on-year, and the growth rate was 0.
6 percentage points
faster than that in 2016.

International aspects:

1.
The number of new housing starts in the United States recorded 1.
192 million in December, down 8.
10% from 1.
297 million in the previous month, and the biggest decline since November 2016 after two consecutive months of sharp
gains.

2.
The US Philadelphia Fed manufacturing index recorded only 22.
20 in January, down 15.
27% from 26.
20 in the previous month, the lowest since December 2016, while all companies surveyed said that costs increased or remained flat, and none of them said they declined
.

Second, this week's market trend analysis

(i) Market analysis

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