Cable raw materials (rubber) weekly report (2.20-2.24)

1.
Macroeconomic news

1.
U.
S.
Treasury Secretary Mnuchin said the Trump administration is committed to passing a "very large" tax reform plan
before Congress adjourns in August.
He also said he would not make a decision on the renminbi for the time being, and would not designate China as a currency manipulator
until the April exchange rate report.
The move illustrates the Trump administration's more traditional approach to policy and staffing, rather than what
he promised during his presidential campaign.
It is also considered the latest signal
of concessions from the Trump administration.

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.
The Ministry of Commerce held a regular press conference, and the spokesperson said that in January 2017, Chinese domestic investors made non-financial direct investment in 983 overseas enterprises in 108 countries and regions around the world, with a cumulative investment of 53.
27 billion yuan (equivalent to 7.
73 billion US dollars), down 35.
7%
year-on-year.
Compared to December 2016, this decreased slightly by 4.
6%
month-on-month.

Second, the analysis of natural rubber market trends