Cable raw materials (copper) weekly report (3.5-3.9)

International aspects:

1.
On the 8th local time in the United States, the US President officially signed a tariff decree to impose high tariffs
on imported steel and aluminum.
The bill exempts Canada and Mexico, which the market sees as a U.
S.
trade war aimed at Europe
.
This has been a trade protection measure that has sparked widespread opposition
.

2.
The Fed's "Beige Book" data shows that the US economy continues to maintain a moderate and moderate expansion, the further tightening of the labor market has led to higher wages, and inflationary pressures have risen moderately, laying the foundation
for the Fed to raise interest rates in March.

3.
ADP data in the United States for February showed that the number of jobs increased by 235,000, far exceeding expectations, the labor market achieved sustained growth, and most industries achieved sustained profitability
.
But at this rate of job growth, employers may soon struggle to find qualified employees
.

Domestic aspects:

1.
Affected by the Spring Festival factor, China's national consumer price (CPI) in February rose by 2.
9% year-on-year, returning to the "2 era"
after one year.
CPI growth is expected to retreat in March and prices will remain modest in 2018
.

2.
China's national industrial producer ex-factory prices (PPI) rose 3.
7% year-on-year and 0.
1%
month-on-month in February.
Among them, the non-ferrous metal smelting manufacturing industry fell by 0.
8%, and the price of ferrous metal smelting and rolling processing industry fell by 0.
7%.

Second, this week's market trend analysis