Cable raw materials (rubber) weekly report (1.16-1.20)

1.
Macroeconomic news

1.
Data released by the US Department of Commerce on January 19 showed that housing starts in the United States in December increased by 11.
3% month-on-month to 1.
226 million, better than the expected 1.
188 million and the previous value of 1.
09 million
.
The US construction permit in December was 1.
21 million, slightly lower than the expected 1.
225 million, but the previous value was revised from 1.
201 million to 1.
212 million
.
The data shows that the US housing market continues to recover, which will help the economic growth
in 2017.

2.
The European Central Bank decided at the interest rate meeting on the 19th to keep the main refinancing rate unchanged at 0.
0%, the overnight loan rate unchanged at 0.
25%, the overnight deposit rate unchanged at -0.
4%, and the asset purchase scale unchanged at 80 billion euros in January, all in line with expectations
.
In addition, the bank said that the monthly quantitative easing (QE) measures will remain unchanged at 80 billion euros until the end of March, and from April to December it will be 60 billion euros per month, while emphasizing that the ECB interest rate is expected to remain at the current or lower level until the end of QE, which can increase the size and duration
of QE if the outlook deteriorates.

3.
Data released by the National Bureau of Statistics on January 20 show that the national economy made a good start in the "13th Five-Year Plan" in 2016, with the total economic volume reaching 74 trillion yuan; GDP for the whole year increased by 6.
7% year-on-year, and GDP in the first, second, third and fourth quarters increased by 6.
7%, 6.
7%, 6.
7% and 6.
8%
year-on-year, respectively.
The Bureau of Statistics said that in 2016, the operation of the national economy remained in a reasonable range, and the quality and efficiency of development improved; However, the international and domestic economic environment is still complicated, and the foundation for economic stability and improvement is not yet solid
.

Second, the analysis of natural rubber market trends