March 2016 cable raw materials (rubber) monthly report

1.
Macroeconomic news

1.
The US Labor Market Conditions Index (LMCI) came in at -2.
4 in February, the lowest since 2009, and 1.
0 expected, reflecting the weak wage data in
Friday's non-farm payrolls report.
The January data was also revised sharply down by 1.
2 to negative territory
.
Data released by the US Department of Labor (DOL) on Friday showed that the number of non-farm payrolls in the United States increased by 242,000 in February, far exceeding market expectations for an increase of 195,000 and the previous value by 151,000; the US unemployment rate was 4.
9% in February versus 4.
9% expected and 4.
9%
in the previous month.
The Labor Department also revised its January nonfarm payrolls upward to an increase of 172,000.

2.
Data from the national consumer price index (CPI) and industrial producer price index (PPI) in February 2016 showed that the CPI increased by 1.
6% month-on-month and 2.
3% year-on-year; PPI decreased 0.
3% sequentially and 4.
9%
y/y.
In February 2016, the total level of consumer prices in the country increased by 2.
3%
year-on-year.

3.
The Eurozone Composite Purchasing Managers' Index (PMI) for manufacturing and services rose to a yearly high of 53.
7 in March, after 53
in February.
Not only did the index remain above the boom-bust dividing line of 50, but it was also above the median estimate of 53, indicating that eurozone economic growth is likely to accelerate
by the end of the first quarter.

4.
In March 2016, China's manufacturing purchasing managers' index (PMI) was 50.
2%, up 1.
2 percentage points from the previous month, returning to the expansion range
.
From the perspective of sub-indexes, among the five sub-indices that make up the manufacturing PMI, the production index, new order index, and supplier delivery time index are above the critical point, and the employee index and raw material inventory index are below the critical point
.

Second, the analysis of natural rubber market trends