Group 1: Cotton Report Industry Investment Rating - Neutral [3] Core View - The actual sown area of U.S. cotton in the new year is higher than expected, and the supply may not show positive signs. The domestic cotton market has a tight supply-demand situation in the later stage of this year, but the new-year cotton production is expected to increase, and the demand is in the off-season [1][2]. Summary by Related Catalogs - **Market News and Important Data**: The closing price of the cotton 2509 contract was 13,745 yuan/ton, up 5 yuan/ton (+0.04%) from the previous day. The Xinjiang arrival price of 3128B cotton was 15,187 yuan/ton, up 70 yuan/ton, and the national average price was 15,212 yuan/ton, up 58 yuan/ton. The new-year actual sown area of U.S. cotton was 10.12 million acres, a year-on-year decrease of 9.5% [1]. - **Market Analysis**: The Zhengzhou cotton futures price fluctuated narrowly. Internationally, the supply-side positive factors may not appear, and attention should be paid to the weather and new cotton growth in major producing countries. Domestically, the supply-demand situation is tight in the later stage, but the new-year cotton production is expected to increase, and the demand is weak [2]. - **Strategy**: Maintain a neutral strategy. The macro uncertainty still exists, and the continuous upward space of cotton prices is restricted [3] Group 2: Sugar Report Industry Investment Rating - Neutral [6] Core View - The Zhengzhou sugar futures price followed the external market and weakened. The supply increase expectation in the Brazilian 25/26 sugar season has not changed, and the new-season production in India and Thailand is expected to increase, suppressing the ICE raw sugar price. However, the downside space of raw sugar is limited [5]. Summary by Related Catalogs - **Market News and Important Data**: The closing price of the sugar 2509 contract was 5,775 yuan/ton, down 32 yuan/ton (-0.55%) from the previous day. The spot price of sugar in Nanning, Guangxi was 6,090 yuan/ton, up 10 yuan/ton. In the first half of June, the sugarcane crushing volume in the central-southern region of Brazil decreased by 21.49% year-on-year, and the sugar production decreased by 22.12% year-on-year [4]. - **Market Analysis**: The Zhengzhou sugar futures price followed the external market and weakened. The supply pressure has been largely reflected, and the downside space of raw sugar is limited. The upside space of Zhengzhou sugar is restricted, and attention should be paid to the arrival rhythm of imported sugar and the substitute import policy [5][6]. - **Strategy**: Maintain a neutral strategy, focusing on the Brazilian sugar production estimate and the domestic import rhythm [6] Group 3: Pulp Report Industry Investment Rating - Neutral [9] Core View - The pulp futures price continued to be weak. The change in the delivery rules has little impact, and the supply is loose in the short term, while the demand is weak [8][9]. Summary by Related Catalogs - **Market News and Important Data**: The closing price of the pulp 2509 contract was 5,026 yuan/ton, down 38 yuan/ton (-0.75%) from the previous day. The spot price of Chilean Silver Star softwood pulp in Shandong was 5,950 yuan/ton, down 15 yuan/ton, and the price of Russian needles was 5,085 yuan/ton, down 20 yuan/ton [6]. - **Market Analysis**: The pulp futures price continued to be weak. The change in the delivery rules has little impact, and the supply is loose in the short term, while the demand is weak. The domestic port inventory is at a high level, and the downstream demand is weak [8]. - **Strategy**: Maintain a neutral strategy. The 09 contract is mainly priced by Russian needles and Uzbek needles, and the pulp price may be difficult to break away from the bottom in the short term [9]

1. Report Industry Investment Rating There is no information provided regarding the report's industry investment rating. 2. Core Viewpoints of the Report - The report analyzes the overseas supply pattern of pure benzene, including regional and national capacity distribution, and the impact factors on benzene supply in different countries and regions through the proportion of different production processes [2]. - It also examines China's import - export situation of pure benzene, highlighting that South Korea is the main source of China's imports, and the demand for gasoline in the United States can affect the volume of China's imports from South Korea [2]. 3. Summary According to the Table of Contents 3.1 Overseas Pure Benzene Supply Pattern 3.1.1 Overseas Pure Benzene Capacity by Region and Country - Asia has the most concentrated pure benzene production capacity, followed by Europe, North America, Southeast Asia, and the Middle East. China ranks first in the world in terms of capacity, and the top three overseas countries are the United States, South Korea, and Japan [2][7]. - China accounts for 30% of the global pure benzene capacity. Northeast Asia (excluding China) accounts for 18%, Europe 15%, North America 13%, and Southeast Asia 12%. Among overseas countries, the United States accounts for 16% of overseas capacity, South Korea 14%, and Japan 9% [7][8][9]. 3.1.2 Overseas Pure Benzene Production Process Capacity Distribution - The main supply source of pure benzene both in China and overseas is reforming, accounting for 49%. Overseas, ethylene cracking accounts for 30% (higher than China's 25%), and toluene disproportionation accounts for about 12% (lower than China's 24%). Overseas toluene demethylation accounts for 6% (higher than China's 2%) [12][13]. - In the United States, catalytic reforming accounts for 56%, ethylene cracking 22%, and toluene disproportionation 15%. In South Korea, catalytic reforming accounts for 43%, and toluene disproportionation accounts for 26%. In Japan, reforming accounts for 38%, and HDA accounts for 16% [16][20]. - In Western Europe, ethylene cracking accounts for 56%, catalytic reforming 29%, and HDA 9%. In Southeast Asia, reforming accounts for 59%, and ethylene cracking 28%. In the Middle East, reforming accounts for 79%, and ethylene cracking has a lower proportion [20][22]. 3.2 China's Pure Benzene Import - Export Pattern and South Korea's Pure Benzene Export Pattern 3.2.1 China's Pure Benzene Import - Export Pattern - China mainly imports pure benzene, and the export volume is negligible. The import dependence has been in the range of 15% - 18% in recent three years [27]. - In 2024, South Korea was China's largest source of pure benzene imports, accounting for 50% of the total imports. Other major sources include Brunei and Thailand, accounting for 12% and 11% respectively [28]. 3.2.2 South Korea's Pure Benzene Export Pattern - South Korea is the world's main exporter of pure benzene. In 2024, China was its main export destination, accounting for 71%, followed by the United States at 19% [35]. - The demand for gasoline in the United States affects the supply of aromatic components in the United States, which in turn affects South Korea's exports to the United States and then China's imports from South Korea [2][35]. - Since the second half of 2024, the total gasoline inventory in the United States has rebounded rapidly. In the first half of 2025, the inventory depletion rate was slow. The price difference between the US and South Korea was low, and South Korea sent more pure benzene to China, resulting in a 63% year - on - year increase in China's pure benzene imports from January to May 2025 [37][38].

Report Investment Ratings - Aluminum: Neutral [7] - Alumina: Cautiously Bearish [7] - Aluminum Alloy: Neutral [7] Core Views - The weakening US dollar index has led to a strong rise in Shanghai aluminum prices, but downstream acceptance in the spot market is poor, and spot premiums have further declined. The expected increase in the Fed's interest rate cuts has slightly weakened the spot price of alumina, and smelting profits have expanded to 4,000 yuan/ton during the off - season. Consumption is showing marginal weakness, and inventory is expected to accumulate slightly in July [3]. - For alumina, the cost is stable, but producers are pessimistic about future prices, resulting in low procurement enthusiasm for bauxite. Despite smelting profits, weekly production and inventory are rising, and long - term supply pressure remains [4][5]. - Aluminum alloy is in the off - season. The price follows the aluminum price, and the tight supply of scrap and raw aluminum supports the price. There are opportunities for cross - variety arbitrage [6]. Summary by Category Aluminum Price and Inventory - On July 1, 2025, the Yangtze River A00 aluminum price was 20,780 yuan/ton, unchanged from the previous trading day. The Shanghai aluminum main contract closed at 20,635 yuan/ton, up 85 yuan/ton or 0.41% from the previous trading day. As of June 30, 2025, the domestic electrolytic aluminum ingot social inventory was 468,000 tons. As of July 1, 2025, the LME aluminum inventory was 34,500 tons, an increase of 550 tons from the previous day [1]. Market Analysis - The weakening US dollar index has pushed up Shanghai aluminum prices, but downstream acceptance is poor, and spot premiums have declined. The expected Fed rate cuts have slightly weakened alumina prices, expanding smelting profits. Supply is stable, and there is no significant impact from the Middle - East crisis on Iranian electrolytic aluminum. Consumption is weakening marginally, and inventory is expected to accumulate slightly in July, but the inventory level is still low historically [3]. Alumina Price and Inventory - On July 1, 2025, the SMM alumina prices in Shanxi, Shandong, and Guangxi were 3,075 yuan/ton, 3,080 yuan/ton, and 3,180 yuan/ton respectively, and the Australian alumina FOB price was 370 US dollars/ton. The alumina main contract closed at 2,945 yuan/ton, down 42 yuan/ton or 1.41% from the previous trading day. The alumina social inventory is rising, and the current alumina warehouse receipt is 21,000 tons, with the 07 - contract position at 51,000 tons [2][5]. Market Analysis - The cost of bauxite is stable, with the 3rd - quarter long - term contract price of Guinea's mainstream bauxite miners at 74 - 75 US dollars/ton, similar to the 2nd quarter. Alumina producers are pessimistic about future prices, resulting in low procurement enthusiasm for bauxite. Despite smelting profits, production and inventory are rising, and long - term supply pressure remains [4][5]. Aluminum Alloy Price and Inventory - On July 1, 2025, the purchase prices of Baotai's civil and mechanical raw aluminum were 15,300 yuan/ton and 15,400 yuan/ton respectively, unchanged from the previous day. The Baotai ADC12 price was 19,500 yuan/ton, unchanged from the previous day. The total aluminum alloy inventory was 108,800 tons, a weekly increase of 21,000 tons [2]. Market Analysis - Aluminum alloy is in the off - season, and the price follows the aluminum price. The tight supply of scrap and raw aluminum supports the price. There are opportunities for cross - variety arbitrage [6].

甲醇日报 | 2025-07-02 纸货交割结束后，港口基差快速回落 甲醇观点 市场要闻与重要数据 内地方面：Q5500鄂尔多斯动力煤410元/吨（+0），内蒙煤制甲醇生产利润648元/吨（-13）；内地甲醇价格方面，内 蒙北线1943元/吨（-13），内蒙北线基差159元/吨（-16），内蒙南线1960元/吨（-100）；山东临沂2295元/吨（+15）， 鲁南基差111元/吨（+12）；河南2170元/吨（-30），河南基差-14元/吨（-33）；河北2185元/吨（-15），河北基差61元 /吨（-18）。隆众内地工厂库存341550吨（-25800），西北工厂库存205500吨（-31500）；隆众内地工厂待发订单240700 吨（-34080），西北工厂待发订单119500吨（-30000）。 港口方面：太仓甲醇2535元/吨（-270），太仓基差151元/吨（-273），CFR中国287美元/吨（+0），华东进口价差289 元/吨（-12），常州甲醇2435元/吨；广东甲醇2440元/吨（+0），广东基差56元/吨（-3）。隆众港口总库存670500吨 （+84100），江苏港口库存356500吨 ...

供应压力有限，局部现货价格上涨 市场分析 石油沥青日报 | 2025-07-02 1、7月1日沥青期货下午盘收盘行情：主力BU2509合约下午收盘价3562元/吨，较昨日结算价上涨6元/吨，涨幅0.17%； 持仓226856手，环比下降8327手，成交155844手，环比下降9208手。 2、卓创资讯重交沥青现货结算价：东北，3900—4086元/吨；山东，3620—4030元/吨；华南，3600—3750元/吨； 华东，3650—3800元/吨。 昨日西北、华北以及山东市场沥青现货价格均出现上涨，川渝地区沥青现货价格小幅下跌，其余地区沥青现货价 格大体企稳，部分地区主营炼厂上调沥青结算价格。沥青盘面则延续震荡态势，波动率较小。就沥青自身基本面 而言，多空因素交织，缺乏突出矛盾。具体来看，整体供需两弱格局延续，库存维持低位。原油价格大幅回落后， 炼厂生产成本有所修复，炼厂生产积极性增强，另外部分企业消费税抵扣比例上调有利于提高开工负荷，但整体 增量并不多，当前沥青供应压力有限。与此同时，天气与资金因素制约下，沥青刚性需求缺乏亮点，情绪仍较为 谨慎，整体市场驱动不足。 策略 单边：震荡 跨期：无 跨品种：无 期 ...

Report Industry Investment Rating - PX/PTA/PF/PR are rated as neutral [5] Core Viewpoints - The futures products of the polyester industry chain have returned to fundamental trading. The fundamentals of PTA are weakening, but PX fundamentals remain tight, and the floating price of the spot is strongly maintained. Attention should be paid to the OPEC+ meeting and the expiration of the tariff extension deadline in July, as well as the repeated risks at the geopolitical end [1] - In the short term, the crude oil market will focus on fundamentals and tariff impacts. In the fourth quarter, it is expected to enter a state of oversupply, with a bearish medium - term market driver. The upside potential of gasoline cracking spreads is limited, and the demand for blending oil this year is not worth much expectation. PX short - flow plants have restarted external procurement of MX due to profit recovery [2] - PTA's own fundamentals are neutral, and attention should be paid to cost and demand support. The polyester start - up rate is 91.4% (down 0.6% month - on - month), and it is expected to decline to 89% - 90% in July. Attention should be paid to the actual implementation [3] - The fundamentals of PF are acceptable, but the downstream's acceptance of high - priced raw materials is limited, and the demand is expected to weaken. Attention should be paid to cost support [3] - The processing fee of PR is expected to recover with the implementation of production cuts, but the current profit is still low [4] - For trading strategies, the unilateral ratings of PX/PTA/PF/PR are neutral. There are no cross - variety strategies. For cross - period strategies, after the sentiment weakens, attention can be paid to the opportunity of going long in the positive spread of PX/PTA monthly spreads at low prices [5] Summary by Directory I. Price and Basis - The charts show the TA main contract, basis, and inter - period spread trends; PX main contract trends, basis, and inter - period spread trends; PTA East China spot basis; and short - fiber 1.56D*38mm semi - bright natural white basis [10][11][13] II. Upstream Profits and Spreads - The charts present PX processing fee PXN, PTA spot processing fee, South Korean xylene isomerization profit, and South Korean STDP selective disproportionation profit [19][22] III. International Spreads and Import - Export Profits - The charts display the toluene US - Asia spread, toluene South Korean FOB - Japanese naphtha CFR, and PTA export profit [27][29] IV. Upstream PX and PTA Start - up - The charts show the operating rates of PTA in China, South Korea, and Taiwan, as well as the operating rates of PX in China and Asia [30][33][35] V. Social Inventory and Warehouse Receipts - The charts present PTA weekly social inventory, PX monthly social inventory, PTA total warehouse receipts + forecast volume, PTA warehouse receipt inventory, PX warehouse receipt inventory, and PF warehouse receipt inventory [38][41][42] VI. Downstream Polyester Load - The charts show filament sales, short - fiber sales, polyester load, direct - spun filament load, polyester staple fiber load, polyester bottle - chip load, filament DTY, FDY, and POY factory inventory days, Jiangsu and Zhejiang loom start - up rate, Jiangsu and Zhejiang texturing machine start - up rate, and Jiangsu and Zhejiang dyeing start - up rate [49][51][53] VII. PF Detailed Data - The charts show polyester staple fiber load, polyester staple fiber factory equity inventory days, 1.4D physical inventory, 1.4D equity inventory, recycled cotton - type staple fiber load, raw - recycled spread, pure polyester yarn start - up rate, pure polyester yarn production profit, polyester - cotton yarn start - up rate, polyester - cotton yarn processing fee, pure polyester yarn factory inventory available days, and polyester - cotton yarn factory inventory available days [70][73][76] VIII. PR Fundamental Detailed Data - The charts show polyester bottle - chip load, bottle - chip factory bottle - chip inventory days, bottle - chip spot processing fee, bottle - chip export processing fee, bottle - chip export profit, East China water bottle - chip - recycled 3A - grade white bottle - chip spread, bottle - chip next - month spread (next month - base month), and bottle - chip next - next - month spread (next next month - base month) [95][97][104]

1. Report Industry Investment Rating - The investment rating for the copper industry is cautiously bullish [6]. 2. Core View of the Report - Currently, the spot TC price of copper concentrates remains low, but the mid - year long - term contract price signed by Antofagasta and Chinese smelters is $0/ton, which is better than the current spot price. With the Comex copper price still at a premium, LME and domestic inventories are flowing to the US market, leading to potential squeeze pressure. Considering the recent increase in risk sentiment, it is recommended to mainly use buy - on - dips hedging for copper operations, with the buying range suggested between 78,600 yuan/ton and 79,200 yuan/ton. The option strategy is to sell put options at 78,000 yuan/ton [6]. 3. Summary by Relevant Catalogs Market News and Important Data - **Futures Market**: On July 1, 2025, the main contract of Shanghai copper opened at 79,630 yuan/ton and closed at 80,640 yuan/ton, up 0.96% from the previous trading day's close. In the night session, it opened at 80,620 yuan/ton and closed at 80,390 yuan/ton, up 0.46% from the afternoon close [1]. - **Spot Market**: According to SMM, on the previous day, the spot price of SMM 1 electrolytic copper was at a premium of 150 - 250 yuan/ton to the 2507 contract, with an average premium of 200 yuan/ton, up 70 yuan/ton from the previous day. The spot price was reported at 80,120 - 80,290 yuan/ton. The spread between different months widened to 250 yuan/ton. Although holders were eager to hold prices, trading was light. It is expected that the widening spread may suppress the premium, but trade and speculative demand may support market trading [2]. Important Information Summary - **Macro and Geopolitical**: On July 1, the US Senate passed a comprehensive tax - cut and spending bill. The July 9 deadline for trade tariff suspension is approaching, and President Trump said he would not consider extending it. The Fed did not rule out taking action at any meeting. US economic data led traders to slightly reduce expectations of a Fed rate cut, making copper prices trend stronger without obvious fundamental stimuli [3]. - **Domestic Economy**: The Caixin China PMI in June was 50.4, up 2.1 percentage points from May and the same as in April, returning above the critical point [3]. - **Mining End**: In May, Chile's copper production was 486,574 tons, up 4.9% month - on - month and 9.4% year - on - year. A Canadian company plans to create a new copper company and acquire a copper - gold mine. In Panama, over 33,000 tons of copper concentrates have been shipped out since a mine closure [3]. - **Smelting and Import**: In the first five months of 2025, Russia's exports of basic metals to China increased significantly, with copper exports up 66% year - on - year. Some Russian new - produced copper is declared as scrap copper to avoid taxes, and some sanctioned companies still supply China through middlemen [4]. - **Consumption**: In the recent week, the operating rate of the domestic refined copper rod industry dropped to 74.01%, down 1.81 percentage points month - on - month and 2.22 percentage points lower than expected. The operating rate of copper cable enterprises dropped to 70.18%, down 3.08 percentage points month - on - month. Some enterprises faced losses due to rising raw material prices and had to cut production [5]. - **Inventory and Warehouse Receipts**: LME warehouse receipts decreased by 650 tons to 91,250 tons, SHFE warehouse receipts decreased by 1,078 tons to 24,773 tons. On June 30, the domestic electrolytic copper spot inventory was 126,100 tons, down 4,000 tons from the previous week [5].

Report Industry Investment Rating - Unilateral: Neutral, short - term weak performance under increasing supply and decreasing demand, but limited downside space [3] - Inter - period: None [3] - Inter - variety: None [3] Core Viewpoints - Yesterday, the closing price of the main EG contract was 4,273 yuan/ton (+6 yuan/ton, +0.14% compared to the previous trading day), the spot price of EG in the East China market was 4,328 yuan/ton (-7 yuan/ton, -0.16% compared to the previous trading day), and the spot basis of EG in East China (based on the 2509 contract) was 69 yuan/ton (+5 yuan/ton month - on - month) [1] - Due to power issues, four sets of Saudi Arabian devices had a large - scale short - stop, with a total capacity of 2.15 million tons, and are expected to resume operation within 1 - 2 weeks. Affected by this news, EG prices rose in the late trading session [1] - The production profit of ethylene - to - EG was - 79 US dollars/ton (unchanged month - on - month), and the production profit of coal - to - syngas - to - EG was 9 yuan/ton (- 8 yuan/ton month - on - month) [1] - According to CCF data released every Monday, the inventory of MEG at the main ports in East China was 545,000 tons (- 77,000 tons month - on - month); according to Longzhong data released every Thursday, the inventory was 506,000 tons (- 31,000 tons month - on - month). The actual arrival at the main ports last week was 67,000 tons, and the port inventory decreased significantly. The planned arrival at the East China main ports this week is 150,000 tons, and the port inventory may rise again [1] - On the supply side, domestic supply is gradually recovering, and the short - term supply - demand structure still shows a benign inventory reduction. However, after the warehouse receipts are gradually cancelled and flow out, the transferable spot in the market will be supplemented to a certain extent. Overseas supply is expected to be loose as overseas devices are gradually restarting, and foreign ships will arrive in a concentrated manner at the beginning of July. On the demand side, the current situation is strong, but several major bottle chip manufacturers have concentrated maintenance plans at the beginning of July, and the demand is expected to be weak. Attention should be paid to the actual implementation [2] Summary by Directory Price and Basis - The closing price of the main EG contract was 4,273 yuan/ton (+6 yuan/ton, +0.14% compared to the previous trading day), the spot price of EG in the East China market was 4,328 yuan/ton (-7 yuan/ton, -0.16% compared to the previous trading day), and the spot basis of EG in East China (based on the 2509 contract) was 69 yuan/ton (+5 yuan/ton month - on - month) [1] Production Profit and Operating Rate - The production profit of ethylene - to - EG was - 79 US dollars/ton (unchanged month - on - month), and the production profit of coal - to - syngas - to - EG was 9 yuan/ton (- 8 yuan/ton month - on - month) [1] International Spread - Not elaborated in the text Downstream Production and Sales and Operating Rate - Not elaborated in the text Inventory Data - According to CCF data released every Monday, the inventory of MEG at the main ports in East China was 545,000 tons (- 77,000 tons month - on - month); according to Longzhong data released every Thursday, the inventory was 506,000 tons (- 31,000 tons month - on - month). The actual arrival at the main ports last week was 67,000 tons, and the port inventory decreased significantly. The planned arrival at the East China main ports this week is 150,000 tons, and the port inventory may rise again [1]

原油日报 | 2025-07-02 地缘冲突过后油价再次进入区间震荡阶段 市场要闻与重要数据 1、纽约商品交易所8月交货的轻质原油期货价格上涨34美分，收于每桶65.45美元，涨幅为0.52%；9月交货的伦敦 布伦特原油期货价格上涨37美分，收于每桶67.11美元，涨幅为0.55%。SC原油主力合约收涨0.20%，报498元/桶。 2、特朗普提出的3.3万亿美元"大而美法案"周二在参议院获得通过，参议员们以51-50的票数通过法案。参议院53 名共和党议员中有3人与民主党人一起投下反对票，副总统万斯投了决定胜负的一票。法案目前已提交众议院，预 计众议院将于本周就该法案进行投票，但并不能保证成功。在民主党的联合反对下，只有少数众议院共和党人投 反对票，法案才能通过。共和党人表示，通过该法案将有助于他们在中期选举中保持国会多数党地位。但民调显 示，该法案并不特别受欢迎。一项调查发现，49%的美国人反对该法案，29%的人支持，约21%的人不确定想法。 共和党人表示，这项立法将促进经济，遏制非法移民，并开始削减医疗补助和其他福利项目的浪费。然而，许多 经济学家警告说，这项法案对经济的提振作用不大，只会加剧财政困境。（ ...

化工日报 | 2025-07-02 下游轮胎企业原料采购低迷 市场要闻与数据 期货方面，昨日收盘RU主力合约14095元/吨，较前一日变动+110元/吨。NR主力合约12310元/吨，较前一日变动+120 元/吨。现货方面，云南产全乳胶上海市场价格14000元/吨，较前一日变动+50元/吨。青岛保税区泰混13950元/吨， 较前一日变动+50元/吨。青岛保税区泰国20号标胶1730美元/吨，较前一日变动+10美元/吨。青岛保税区印尼20号 标胶1670美元/吨，较前一日变动+10美元/吨。中石油齐鲁石化BR9000出厂价格11700元/吨，较前一日变动+0元/ 吨。浙江传化BR9000市场价11350元/吨，较前一日变动-50元/吨。 市场资讯 据隆众了解，进入下旬，半钢胎企业整体出货表现未有改善，国内市场进货压力较大，出口市场尚存支撑，多企 业延续控产，缓解库存增加压力。全钢胎企业表现稍显平稳，听闻，个别工厂次月有回收之前促销政策计划，短 期内或对市场拿货形成一定刺激，短期内关注其他企业价格政策动向。 据国家统计局最新公布的数据显示，2025年5月中国橡胶轮胎外胎产量为10199.3万条，同比下降1.2%。 ...