Cable raw materials (rubber) weekly report (3.6-3.10)

1.
Macroeconomic news

In January and February, U.
S.
private sector employment growth far exceeded expectations and hit a three-year high, prompting market participants to quickly raise expectations for the Fed's interest rate hike next week
.
The report showed that about 298,000 new jobs were created in the US private sector in February, exceeding economists' most optimistic expectations of 255,000 and the highest since April 2014, indicating strong
growth in the US labor market.

2.
The ECB left its main refinancing rate unchanged at 0.
0%, in line with expectations
.
Leave the overnight loan rate unchanged at 0.
25%, in line with expectations
.
Leave the overnight deposit rate unchanged at -0.
4%, in line with expectations
.
Maintain the monthly asset purchase program unchanged at €80 billion, in line with expectations
.
ECB statement: ECB interest rates are expected to remain at current or lower levels for some time to come until the end
of QE.

3.
Affected by tail factors, the year-on-year growth rate of CPI in February fell back to 0.
8%, far lower than market expectations
.
At the same time, the PPI rose 7.
8% year-on-year, setting a new growth rate
in recent years.
Market participants expect that with the decline of tail factors and the weakening of the impact of the Spring Festival dislocation, the CPI growth will rebound in the future, while the year-on-year increase in PPI may remain high, and it is expected to peak and fall
after the second quarter.

Second, the analysis of natural rubber market trends