Cable raw materials (rubber) weekly report (5.16-5.20)

1.
Macroeconomic news

1
.
The U.
S.
CPI rose 0.
4% in April, the fastest pace since February 2013.
Core inflation, which excludes food and energy prices, rose 0.
2 percent
.
Gasoline prices rose to a four-year high, which helped push up overall inflation
.
David Sloan, senior economist at 4cast Inc, said: "Inflationary pressures are intensifying
.
This time the data may give the Fed more confidence
in inflation.

The final value of the Eurozone composite PMI in February and April was 53, down 0.
1%
from the previous month.
The services PMI came in at 53.
1, unchanged from the previous month but slightly below expectations of 53.
2
.
From the perspective of the four largest economies in the euro area, France, Italy and Spain all increased their composite PMIs in April
.
France rose to 50.
2 from 49.
3 last month; Italy rose from 52.
4 to 53.
1; and Spain rose from 55.
1 to 55.
2
.
Germany's composite PMI fell to 53.
6 in April from 54 in the previous month, below expectations of 53.
8 and hitting an 11-month low
.

3.
Data released today by the National Bureau of Statistics shows that in April 2016, the added value of industries above designated size increased by 6.
0% year-on-year, which was less than the expected 6.
5% and lower than the 6.
8%
in the previous month.
From a month-on-month perspective, in April, the added value of industries above designated size increased by 0.
47%
over the previous month.
From January to April, the added value of industries above designated size increased by 5.
8%
year-on-year.

Second, the analysis of natural rubber market trends