Cable raw materials (rubber) weekly report (3.12-3.16)

First, macroeconomics

1.
US February CPI 0.
2% month-on-month, 0.
2% expected, 0.
5% prior; US CPI continued to be solid in February in line with expectations, indicating that inflation is rising steadily, which is also in line with
Fed expectations.
Markets expect Fed officials to raise rates three times this year, including one at next week's meeting
.
The absence of an unexpected rise in CPI data could calm market sentiment
.
Previously, wages and prices rose faster than expected in February, leading investors to sell stocks
on fears that the Fed could raise rates more aggressively.

2.
The Eurozone manufacturing purchasing managers' index (PMI) fell to 58.
6 in February, slightly better than the previous preliminary reading of 58.
5, but down significantly from the final January value of 59.
6
.
The manufacturing PMI fell the most in two years in February, underscored by a slowdown in export orders in the region
.
Country-by-country data also showed that manufacturing PMIs in the two major economies of Germany and France also fell in February from the previous month, indicating a slowdown
in manufacturing expansion.

3.
The added value of China's industries above designated size from January to February was 7.
2% year-on-year, 6.
2% expected, and 6.
6% in the previous month; Total retail sales of consumer goods were 9.
7% year-on-year, 9.
8% expected, and 10.
2% in the previous month; Urban fixed asset investment was 7.
9% year-on-year, 7% expected, and 7.
2% in the previous month, of which investment in real estate development was 1,083.
1 billion yuan, an increase of 9.
9% year-on-year, and the growth rate was 2.
9 percentage points
higher than that of last year.
According to the detailed data of the National Bureau of Statistics, China's industrial production continues to develop, and the leading role of new industries and new products has been enhanced
.

Second, the analysis of natural rubber market trends