Cable raw materials (copper) weekly report (8.8-8.12)

Domestically, there was a lot of heavy news from China this week, with data showing that China's export decline slowed in July but imports fell more widely; In July, investment, production, consumption and other data also showed a certain degree of decline, of which the growth rate of private fixed asset investment showed negative growth for the second consecutive month, which became a point of market concern; July economic and financial data also showed an across-the-board decline
.
Overall, most of the data show that China's economic slowdown is not only inevitable, but even worse than market psychological expectations, copper market demand prospects are not good, copper prices are bound to come under pressure
.

Abroad, since the release of the bright July non-farm payrolls data in the United States last Friday, expectations that the Fed will raise interest rates in the second half of the year have begun to heat up
.
On Thursday, the number of jobless claims released in the first instance of the week in the United States fell below 300,000 for the 75th consecutive week, adding to the market's concerns
about the Fed's interest rate hike.
Fed officials also said this week that raising interest rates this year is reasonable
.
Next week, the Fed will release the minutes of its July monetary policy meeting, which may provide directional guidance
for the Fed's rate hike course in the second half of the year.
For now, the Fed's expectation of raising interest rates in the second half of the year is continuing to rise, which is not conducive to the rebound
of copper prices.