Cable raw materials (rubber) weekly report (1.3-1.6)

1.
Macroeconomic news

1.
Data released on January 5 showed that the number of ADP employment in the United States increased by 153,000 in December, less than the expected 175,000, and the previous value increased by 216,000 and revised to an increase of 215,000
.
In terms of business size, small businesses in the United States laid off 3,000 jobs in December, and jobs in large companies increased
.
The data shows that after an unprecedented 7 consecutive years of growth in the labor market, the United States is close to full employment, and employment growth may slow
in 2017.
The ADP employment data is known as the "small non-farm", indicating that the US non-farm payrolls data is not as good as expected
.

2.
According to data released by the Institute for Supply Management (ISM) on January 5, the ISM non-manufacturing index in the United States was 57.
2 in December 2016, better than the expected 56.
7, unchanged from November, continuing to hit a new high since October 2015, and above 50 for 83 consecutive months
.
The breakdown showed that the new orders index increased month-on-month in December, with orders growing its strongest since August 2015, employment and new export orders both declined, and the price index rose
slightly.
The services sector, which accounts for about 80% of U.
S.
GDP, continues to expand, and the economy is expected to erase the weakness of the previous quarter in 2017
.

3.
The Caixin Services PMI released on January 5 recorded 53.
4 in December 2016, up 0.
3 percentage points from November and the highest in 17 months, while the Caixin China Composite PMI hit a 45-month high of 53.
5
.
Analysts said that both manufacturing and services expanded in December, and the economic recovery continued
.
China's economy in the fourth quarter was better than the previous three quarters, and the annual economic target was achieved without hindrance
.
However, in the context of the gradual tightening of real estate policy and the possible slowdown of fiscal and monetary policy expansion, there is still uncertainty about whether the endogenous momentum of China's economy can be effectively hedged next year, and it is necessary to be vigilant against the risk of
economic turning downward in the later period.

Second, the analysis of natural rubber market trends