Cable raw materials (rubber) weekly report (2.13-2.17)

1.
Macroeconomic news

1.
The latest data released by the US Department of Commerce shows that due to factors such as weak global demand and the appreciation of the US dollar, the US trade deficit increased slightly to US$502.
3 billion in 2016, the highest level
since 2012.
According to the report, the total export volume of the United States in 2016 was about $2.
21 trillion, down 2.
3% from 2015; Imports totaled $2.
71 trillion, down 1.
8 percent
from the previous year.
The full-year 2016 trade deficit increased by $1.
9 billion
from 2015.

2.
Affected by the Spring Festival and low base factors, the year-on-year increase in CPI and PPI in January both hit new highs
in recent years.
The market generally expects that as seasonal factors fade, the CPI may decline significantly year-on-year in February, while the year-on-year growth rate of PPI will continue to climb to more than 7%, but it is expected to peak and fall
in the second quarter.
Analysts believe that stable and tight is still the main tone
of monetary policy.

3.
Yesterday, the latest data released by the central bank showed that in January 2017, the scale of China's foreign exchange reserves was US$2,998.
2 billion, down US$12.
3 billion, or 0.
4%, from the end of December 2016, and has fallen below the $3 trillion mark
.
This is the seventh consecutive month that China's foreign exchange reserves have shrunk, hitting a new low since February 2011, and the first time in nearly six years that it has "broken 3
.
"

Second, the analysis of natural rubber market trends