1. Report Industry Investment Rating - Industry investment rating: Neutral [4] 2. Core View of the Report - Yesterday, the prices of the three major oils fluctuated and rose. The market is worried that the ruling on Canadian rapeseed will increase the cost of imported rapeseed, pushing up oil prices. Coupled with the positive expectations of the palm oil B50 plan, the overall oil market is oscillating strongly [1][3] - The export volume of Malaysian palm oil from August 1 - 10 is expected to increase significantly. India's soybean oil imports in the 2024/25 fiscal year are expected to soar, while palm oil and sunflower oil imports are expected to decline. China's edible vegetable oil imports in the 2024/25 fiscal year are estimated to be adjusted, and the supply - demand forecast for the 2025/26 fiscal year remains unchanged. Favorable rainfall in peanut - producing areas is beneficial for peanut production [2] 3. Summary by Related Content Futures and Spot Market - Futures: Yesterday, the closing price of the palm oil 2509 contract was 9362.00 yuan/ton, a change of +144 yuan or +1.56%; the soybean oil 2509 contract was 8476.00 yuan/ton, a change of +36.00 yuan or +0.43%; the rapeseed oil 2509 contract was 9802.00 yuan/ton, a change of +214.00 yuan or +2.23% [1] - Spot: In Guangdong, the spot price of palm oil was 9320.00 yuan/ton, a change of +320.00 yuan or +3.56%, with a spot basis of P09 + - 42.00, a change of +176.00 yuan; in Tianjin, the spot price of first - grade soybean oil was 8570.00 yuan/ton, a change of +20.00 yuan/ton or +0.23%, with a spot basis of Y09 + 94.00, a change of - 16.00 yuan; in Jiangsu, the spot price of fourth - grade rapeseed oil was 9910.00 yuan/ton, a change of +210.00 yuan or +2.16%, with a spot basis of OI09 + 108.00, a change of - 4.00 yuan [1] Market News - The export volume of Malaysian palm oil from August 1 - 10 is expected to be 339,143 tons, a 65.25% increase from the same period last month [2] - China has made a preliminary ruling on anti - dumping investigations of imported rapeseed from Canada and will implement temporary anti - dumping measures in the form of deposits starting from August 14, 2025 [2] - India's soybean oil imports in the 2024/25 fiscal year are expected to soar 60% to 5.5 million tons, while palm oil imports may drop 13.5% to 7.8 million tons, and sunflower oil imports may drop 20% to 2.8 million tons [2] - In the 2024/25 fiscal year, China's edible vegetable oil imports are estimated to be 7.56 million tons, a decrease of 170,000 tons from the previous month's estimate. Palm oil imports are reduced by 400,000 tons, soybean oil imports by 50,000 tons, and rapeseed oil and other vegetable oil imports are increased by 100,000 tons and 180,000 tons respectively [2] - The supply - demand forecast for China's edible vegetable oil in the 2025/26 fiscal year remains unchanged from the previous month [2] - Favorable rainfall in peanut - producing areas such as Henan, Hebei, and Shandong is beneficial for peanut production [2] Strategy - The strategy is neutral [4]

Report Summary 1. Report Industry Investment Rating No specific industry investment rating is provided in the report. 2. Core View of the Report The report indicates that the spot price of LPG remains generally stable, while the futures market experiences low - level fluctuations. The PG futures market continues its weak oscillation. Although the price is at a relatively low level, there is insufficient upward momentum. The global LPG supply - demand pattern is loose, with abundant overseas supply and potentially high domestic arrivals. The demand for combustion during the off - season is weak, and the downstream device operating rate in deep - processing shows marginal improvement but lacks continuous growth power [1]. 3. Summary by Related Content Market Analysis - **Regional Spot Prices**: On August 12, the regional prices of LPG were as follows: Shandong market, 4380 - 4480 yuan/ton; Northeast market, 3990 - 4360 yuan/ton; North China market, 4360 - 4620 yuan/ton; East China market, 4350 - 4450 yuan/ton; Yangtze River region, 4350 - 4540 yuan/ton; Northwest market, 4100 - 4250 yuan/ton; South China market, 4298 - 4500 yuan/ton [1]. - **Imported Goods Price**: In the first half of September 2025, the CIF price of propane in East China was 564 dollars/ton (up 1 dollar/ton), and butane was 539 dollars/ton (up 1 dollar/ton), equivalent to 4434 yuan/ton for propane and 4238 yuan/ton for butane in RMB. In South China, the CIF price of propane was 559 dollars/ton (up 1 dollar/ton), and butane was 539 dollars/ton (up 1 dollar/ton), equivalent to 4395 yuan/ton for propane and 4199 yuan/ton for butane in RMB [1]. - **Market Conditions**: Crude oil prices have been weak recently, and the PG futures market continues its weak oscillation. The domestic civil LPG price remained stable overall, with partial slight increases, and the market atmosphere was dull. The global LPG supply - demand pattern is loose, with abundant overseas supply and potentially high domestic arrivals due to the open import arbitrage window. The off - season combustion demand is weak, and the downstream device operating rate in deep - processing shows marginal improvement but lacks continuous growth power [1]. Strategy - **Unilateral**: The market is expected to be weakly oscillating. Pay attention to the bottom - building signals of the futures market [2]. - **Other Strategies**: No specific strategies are provided for inter - period, inter - variety, spot - futures, or options trading [2].

Report Industry Investment Rating - Unilateral: Neutral; Inter - period: 09 - 01 reverse spread; Inter - variety: None [3] Core View - The Sino - US economic and trade talks declared a 90 - day suspension of the 24% tariff. Under the macro - positive news, the market sentiment is optimistic, and the futures market has a slight increase. PE's supply is recovering, while PP's future supply pressure is large. The inventory in the upstream and mid - stream of polyolefins has accumulated. The cost - side support is weak, and the downstream agricultural film's operating rate continues to rise [2] Summary by Directory 1. Polyolefin Basis Structure - L主力合约收盘价为7329元/吨（+15），PP主力合约收盘价为7091元/吨（-4），LL华北现货为7250元/吨（+30），LL华东现货为7280元/吨（+0），PP华东现货为7040元/吨（+0），LL华北基差为-79元/吨（+15），LL华东基差为-49元/吨（-15），PP华东基差为-51元/吨（+4） [1] 2. Production Profit and Operating Rate - PE开工率为84.1%（+3.0%），PP开工率为77.3%（+0.4%）；PE油制生产利润为368.6元/吨（-5.1），PP油制生产利润为-111.4元/吨（-5.1），PDH制PP生产利润为225.1元/吨（+17.0） [1] 3. Polyolefin Non - standard Price Difference - No relevant detailed data provided 4. Polyolefin Import and Export Profits - LL进口利润为-74.1元/吨（-2.7），PP进口利润为-508.6元/吨（-2.8），PP出口利润为30.6美元/吨（+0.3） [1] 5. Polyolefin Downstream Operating Rate and Downstream Profits - PE下游农膜开工率为13.1%（+0.4%），PE下游包装膜开工率为49.3%（+0.6%），PP下游塑编开工率为41.1%（+0.0%），PP下游BOPP膜开工率为60.8%（+0.0%） [1] 6. Polyolefin Inventory - Polyolefin upstream and mid - stream inventories have accumulated, but no specific inventory data provided [2]

Report Summary Industry Investment Rating No industry investment rating is provided in the report. Core Viewpoints - For industrial silicon, the spot price remains stable, and the futures market is mainly affected by overall commodity sentiment, with short - term expectations of wide - range fluctuations. For the long - term, no clear view is given [1][2]. - For polysilicon, the spot trading is average, and the quotation is relatively stable. In August, the supply side has a large increase, and the downstream production schedule has a slight increase. The market is greatly affected by the anti - involution policy, with large short - term fluctuations and expectations of wide - range shocks. In the medium - to - long - term, it is suitable to buy on dips [3][6]. Market Analysis Industrial Silicon - **Futures Market**: On August 12, 2025, the industrial silicon futures price fluctuated. The main contract 2511 opened at 9050 yuan/ton and closed at 8840 yuan/ton, a change of - 100 yuan/ton (- 1.12%) from the previous settlement. The position of the main contract 2511 was 278,860 lots, and the number of warehouse receipts was 50,658 lots, a decrease of 102 lots from the previous day [1]. - **Supply Side**: The spot price of industrial silicon remained stable. The price of East China oxygen - passing 553 silicon was 9300 - 9500 yuan/ton, and 421 silicon was 9600 - 9900 yuan/ton. The price of Xinjiang oxygen - passing 553 silicon and 99 silicon increased by 100 yuan/ton to 8700 - 8900 yuan/ton. The silicon prices in Huangpu Port, Northwest, Tianjin, Xinjiang, Sichuan, and Shanghai remained stable, and the price of 97 silicon also remained stable [1]. - **Demand Side**: The price of silicone DMC was 11500 - 12500 yuan/ton. Recently, the silicone price has weakened. The main reason is the lack of downstream orders, so downstream enterprises mainly consume inventory, with low willingness to purchase new products and a significant decline in new order volume [1]. Polysilicon - **Futures Market**: On August 12, 2025, the main contract 2511 of polysilicon futures fluctuated. It opened at 52800 yuan/ton and closed at 51800 yuan/ton, a change of 0.69% from the previous trading day. The position of the main contract was 136,055 lots (139,739 lots the previous day), and the trading volume was 481,809 lots [3]. - **Supply Side**: The spot price of polysilicon remained stable. The price of N - type material was 45.00 - 49.00 yuan/kg, and N - type granular silicon was 43.00 - 46.00 yuan/kg. The inventory of polysilicon manufacturers and silicon wafers increased. The polysilicon inventory was 23.30 (a month - on - month change of 1.75%), and the silicon wafer inventory was 19.11GW (a month - on - month change of 5.29%). The weekly polysilicon output was 29,400 tons (a month - on - month change of 10.94%), and the silicon wafer output was 12.02GW (a month - on - month change of 9.27%) [3]. - **Demand Side**: The price of domestic N - type 18Xmm silicon wafers was 1.20 yuan/piece, N - type 210mm was 1.55 yuan/piece, and N - type 210R silicon wafers was 1.35 yuan/piece. The price of high - efficiency PERC182 battery cells was 0.27 yuan/W, PERC210 battery cells was 0.28 yuan/W, TopconM10 battery cells was 0.29 yuan/W (a decrease of 0.01 yuan/W), Topcon G12 battery cells was 0.29 yuan/W, Topcon210RN battery cells was 0.29 yuan/W, and HJT210 half - piece battery cells was 0.37 yuan/W. The mainstream transaction price of PERC182mm components was 0.67 - 0.74 yuan/W, PERC210mm was 0.69 - 0.73 yuan/W, N - type 182mm was 0.66 - 0.68 yuan/W, and N - type 210mm was 0.67 - 0.68 yuan/W. Anhui Jiaokong Resources Co., Ltd. issued a tender announcement for 120.28MW photovoltaic components for a highway EPC project, with an estimated contract value of 85 million yuan and a unit price of 0.71 yuan/W [3][5]. Strategy Industrial Silicon - **Unilateral**: Range trading [2]. - **Inter - delivery**: None [2]. - **Inter - commodity**: None [2]. - **Futures - cash**: None [2]. - **Options**: None [2]. Polysilicon - **Unilateral**: Short - term range trading; medium - to - long - term buying on dips [6]. - **Inter - delivery**: None [6]. - **Inter - commodity**: None [6]. - **Futures - cash**: None [6]. - **Options**: None [6].

1. Report Industry Investment Rating - PVC: Unilateral - Neutral; V09 - 01 Inter - period Reverse Spread [4] - Caustic Soda: Unilateral - Wait - and - See [4] 2. Core View of the Report - PVC: Affected by macro - sentiment, the PVC market has fluctuated upwards, but the fundamentals remain weak. Supply is increasing while demand is weak, and inventory is expected to continue to accumulate, with cost support remaining weak [3] - Caustic Soda: Supply is at a high level, and although there may be a slight decline later, demand has some rigid support. The cost support is strong, and the chlor - alkali profit is moderately high compared to the same period [3] 3. Summary by Relevant Catalogs Market News and Important Data PVC - Futures Price and Basis: The closing price of the PVC main contract is 5047 yuan/ton (+37), the East China basis is - 167 yuan/ton (-17), and the South China basis is - 107 yuan/ton (+3) [1] - Spot Price: The East China calcium carbide method is quoted at 4880 yuan/ton (+20), and the South China calcium carbide method is quoted at 4940 yuan/ton (+40) [1] - Upstream Production Profit: The blue charcoal price is 595 yuan/ton (+0), the calcium carbide price is 2780 yuan/ton (+0), the calcium carbide profit is 14 yuan/ton (+0), the PVC calcium carbide method production gross profit is - 252 yuan/ton (-231), the PVC ethylene method production gross profit is - 489 yuan/ton (-10), and the PVC export profit is 9.0 dollars/ton (+0.2) [1] - PVC Inventory and Operation: The in - factory inventory is 33.7 tons (-0.8), the social inventory is 48.1 tons (+3.3), the calcium carbide method operation rate is 77.83% (+3.41%), the ethylene method operation rate is 77.55% (+7.31%), and the overall operation rate is 77.75% (+4.49%) [1] - Downstream Order Situation: The pre - sales volume of production enterprises is 83.2 tons (-2.2) [1] Caustic Soda - Futures Price and Basis: The closing price of the SH main contract is 2502 yuan/ton (+10), and the basis of 32% liquid caustic soda in Shandong is - 2 yuan/ton (-10) [1] - Spot Price: The price of 32% liquid caustic soda in Shandong is 800 yuan/ton (+0), and the price of 50% liquid caustic soda in Shandong is 1300 yuan/ton (+0) [1] - Upstream Production Profit: The single - variety profit of caustic soda in Shandong is 1509 yuan/ton (+0), the comprehensive profit of chlor - alkali in Shandong (0.8 tons of liquid chlorine) is 725.8 yuan/ton (+80.0), the comprehensive profit of chlor - alkali in Shandong (1 ton of PVC) is 503.78 yuan/ton (+20.00), and the comprehensive profit of chlor - alkali in the Northwest (1 ton of PVC) is 1618.15 yuan/ton (+0.00) [2] - Caustic Soda Inventory and Operation: The liquid caustic soda factory inventory is 46.17 tons (+3.75), the flake caustic soda factory inventory is 2.21 tons (+0.10), and the caustic soda operation rate is 85.10% (+1.20%) [2] - Downstream Operation of Caustic Soda: The alumina operation rate is 85.73% (+0.15%), the printing and dyeing operation rate in East China is 59.28% (+0.39%), and the viscose staple fiber operation rate is 84.97% (+0.00%) [2] Market Analysis PVC - Supply: After the previous maintenance, production has resumed, and the overall operation has increased significantly month - on - month. With the gradual mass production of new capacity, PVC production is expected to continue to rise, and the supply pressure is still high [3] - Demand: The operation of downstream products remains at a low level, and enterprises maintain just - in - time procurement. Export orders have decreased month - on - month, and the export performance is still affected by India's PVC import policy and the rainy season [3] - Inventory: Due to the increase in production and weak demand, the PVC social inventory is expected to continue to accumulate, and the absolute value of inventory is relatively high [3] - Cost: The calcium carbide price is weak, and ethylene is mainly stable. The cost support for PVC is still weak [3] Caustic Soda - Supply: The upstream operation has increased month - on - month to a high level in the same period. Although some enterprises have reduced their production, and Yantai Wanhua is planning maintenance, the operation may decline slightly later. Attention should be paid to the operation in Shandong from late August to September [3] - Demand: The alumina profit is acceptable, and the operation continues to rise. The delivery volume to the main downstream has increased month - on - month, with short - term rigid demand support. The non - aluminum operation has not changed much and remains weak in the off - season. Attention should be paid to the restocking rhythm of downstream products during the peak season and the production start - up rhythm of alumina in Guangxi [3] - Cost: The liquid chlorine price has rebounded but is still at a low level, and the cost support for caustic soda is strong. The chlor - alkali profit is moderately high compared to the same period [3] Strategy PVC - Unilateral: Neutral - Inter - period: V09 - 01 Inter - period Reverse Spread - Cross - variety: None [4] Caustic Soda - Unilateral: Wait - and - See - Inter - period: None - Cross - variety: None [4]

石油沥青日报 | 2025-08-13 现货价格整体下跌，市场情绪偏弱 市场分析 1、8月12日沥青期货下午盘收盘行情：主力BU2510合约下午收盘价3506元/吨，较昨日结算价上涨20元/吨，涨幅 0.57%；持仓223130手，环比上涨2129手，成交120282手，环比下降42561手。 2、卓创资讯重交沥青现货结算价：东北，3880—4086元/吨；山东，3520—3870元/吨；华南，3540—3550元/吨； 华东，3650—3800元/吨。 昨日华北、山东、华南以及川渝市场沥青现货价格均出现下跌，其余地区暂时以持稳为主。近日原油价格趋势转 弱，沥青成本端支撑松动，盘面与现货端情绪受到一定利空影响。就沥青自身基本面来看，供需两弱格局大体延 续，库存仍处于低位，还未出现显著累库的信号，市场短期过剩压力有限，但受到天气因素影响终端需求改善乏 力，投机需求也有待恢复，整体情绪一般。抛开成本端的带动外，沥青来自基本面的驱动有限。如果油价持续下 跌，则沥青市场价格也将跟随进一步走弱。 策略 单边：震荡偏弱 跨期：无 跨品种：无 期现：无 期权：无 风险 原油价格大幅波动、宏观风险、海外原料供应风险、沥青终端 ...

新能源及有色金属日报 | 2025-08-13 降息预期上升叠加现货地域性紧缺 铜价震荡上升 市场要闻与重要数据 期货行情： 2025-08-12，沪铜主力合约开于 78750元/吨，收于 79020元/吨，较前一交易日收盘0.00%，昨日夜盘沪铜主力合约 开于 79220元/吨，收于 79410 元/吨，较昨日午后收盘上涨0.49%。 现货情况： 消费方面，近期市场表现分化明显，受终端提货放缓影响，部分企业主动减产控制库存，拖累整体开工水平；而 铜价低位运行则促使多数企业维持平稳生产。行业库存呈现双降态势，原料库存减少6.67%至3.5万吨，成品库存下 降5.62%至6.89万吨。线缆行业表现相对亮眼，开工率环比提升2.55个百分点至69.89%，主要受益于电网订单集中 交付，但建筑等民用领域仍显疲软。随着月初资金面改善及减产企业逐步复产，预计本周精铜杆开工率将回升至 2025年期货市场研究报告 第1页 请仔细阅读本报告最后一页的免责声明 新能源及有色金属日报 | 2025-08-13 70.79%，而线缆行业受制于民用需求不足，开工率或小幅回落至68.92%。当前市场仍呈现\"电力强、民用弱\"的差 异化 ...

1. Report Industry Investment Ratings - Cotton: Neutral [3] - Sugar: Neutral [6] - Pulp: Neutral [9] 2. Core Views - The cotton market is currently experiencing a rebound in market sentiment. However, the global cotton market in the 25/26 season is expected to remain in a state of loose supply. In the short - term, cotton prices have bottom support, but in the long - term, there is limited upward space [2][3]. - The sugar market is under downward pressure due to the expected recovery of global sugar production in the 2025/26 season and favorable weather conditions in major producing regions. At the same time, the rebound in import demand limits the overall decline of sugar prices. Short - term Zhengzhou sugar is expected to fluctuate within a range, and the long - term trend is bearish [4][6]. - The pulp market has supply pressure in the second half of the year, and the demand side is weak. The overall fundamentals of the pulp market have not improved significantly, and short - term pulp prices are difficult to break away from the bottom [8][9]. 3. Summaries by Related Catalogs Cotton Market News and Important Data - Futures: The closing price of the cotton 2601 contract yesterday was 13,980 yuan/ton, up 100 yuan/ton (+0.72%) from the previous day. - Spot: The Xinjiang arrival price of 3128B cotton was 15,052 yuan/ton, up 5 yuan/ton; the national average price was 15,177 yuan/ton, up 16 yuan/ton. - US cotton growth: As of August 10, the budding rate, boll - setting rate, and flocculation rate of US cotton were all behind the same period last year and the five - year average [1]. Market Analysis - International: Affected by the "reciprocal tariff" and weak weekly signing of US cotton, the price of ICE US cotton moved down last week. The 25/26 global cotton market may be in a loose supply pattern, and the US cotton balance sheet is difficult to improve. - Domestic: In July, the commercial cotton inventory decreased rapidly, and the import volume in the third quarter is expected to remain low. The cotton price has short - term bottom support. However, the terminal demand is weak, and the new cotton production increase expectation restricts the upward space of cotton prices. In the long - term, new cotton listing in the fourth quarter will suppress cotton prices [2]. Strategy - Maintain a neutral attitude. Cotton prices have strong support below, but the long - term upward space is limited [3]. Sugar Market News and Important Data - Futures: The closing price of the sugar 2601 contract yesterday was 5,608 yuan/ton, up 35 yuan/ton (+0.63%) from the previous day. - Spot: The spot price of sugar in Nanning, Guangxi was 5,960 yuan/ton, unchanged; in Kunming, Yunnan, it was 5,815 yuan/ton, down 10 yuan/ton. - Price index: The FAO sugar price index in July averaged 103.3 points, down 0.2 points (0.2%) from June, falling for the fifth consecutive month [4]. Market Analysis - Raw sugar: The latest bi - weekly data from Brazil is bearish. Although some institutions have lowered Brazil's production estimate, the raw sugar futures are bottom - oscillating. - Zhengzhou sugar: The sales progress of domestic sugar has slowed down, and a large amount of imported sugar has arrived at ports. The domestic spot pressure is gradually increasing, and the short - term upward pressure on Zhengzhou sugar is large [5][6]. Strategy - Take a neutral attitude. Short - term sugar prices are expected to fluctuate within a range, and the long - term trend is bearish [6]. Pulp Market News and Important Data - Futures: The closing price of the pulp 2511 contract yesterday was 5,264 yuan/ton, up 18 yuan/ton (+0.34%) from the previous day. - Spot: The spot price of Chilean silver star softwood pulp in Shandong was 5,850 yuan/ton, unchanged; the price of Russian softwood pulp was 5,200 yuan/ton, unchanged. - Market price trends: Different pulp varieties in the imported wood pulp spot market showed differentiated price trends yesterday [6][7]. Market Analysis - Supply: In the first half of 2025, the import volume of wood pulp increased year - on - year. Although the import volume is expected to decline in the second half of the year, the port inventory is high, and the supply pressure in the second half of the year still exists. - Demand: The pulp consumption in Europe and the United States is weak, and the domestic demand is also affected by the off - season. The terminal demand improvement in the second half of the year is limited [8]. Strategy - Adopt a neutral attitude. The fundamentals of the pulp market have not improved significantly, and short - term pulp prices are difficult to break away from the bottom [9].

Report Industry Investment Rating - Not mentioned in the provided content Core Viewpoints - The Sino-US tariff conflict has been temporarily eased, and attention should be paid to the differentiation in the midstream start - up rates [1] - The government has introduced new regulations on loan consumption, including personal consumption loan fiscal discount policies and service industry business entity loan discount policies [1] Industry Overview Upstream - Energy: International oil prices have continued to decline [1] - Black: Glass prices have declined [1] Midstream - Chemical: The PX start - up rate has been rising recently, while the PTA start - up rate has been declining [2] - Energy: The decline in coal consumption by power plants has slowed down, and coal inventories have increased [2] Downstream - Real estate: The sales of commercial housing in first - and second - tier cities have seasonally declined and are at a near - three - year low [2] - Service: The popularity of the film and television industry has decreased [2] Other Data Industry Credit Spread Tracking - Different industries have different credit spread values and trends, such as the credit spread of the agricultural, forestry, animal husbandry and fishery industry being 47.81BP this week, with a previous value of 45.97BP [43] Key Industry Price Index Tracking - Various industries have different price index changes, such as the spot price of corn being 2320.0 yuan/ton on August 12, with a year - on - year change of - 0.37% [44]

新能源及有色金属日报 | 2025-08-13 短期盘面受消息面影响较大，关注实际供需影响 市场分析 2025-08-12，碳酸锂主力合约2511开于88800元/吨，收于82520元/吨，当日收盘价较昨日结算价变化2.00%。当日成 交量为1417704手，持仓量为356998手，前一交易日持仓量317676手，根据SMM现货报价，目前基差-4520元/吨（电 碳均价-期货）。当日碳酸锂仓单20829手，较上个交易日变化1440手。 碳酸锂现货：根据SMM数据，电池级碳酸锂报价76000-80000元/吨，较前一交易日变化3500元/吨，工业级碳酸锂 报价75100-76500元/吨，较前一交易日变化3500元/吨。6%锂精矿价格940美元/吨，较前一日变化65美元/吨。据SMM 数据，日市场情绪有所转暖，下游询盘活跃度显著提升。考虑到后续价格可能继续走强，加之刚性需求支撑，下 游企业采购意愿增强，市场成交较前一日明显改善。 中汽协发布数据，7月，汽车产销分别完成259.1万辆和259.3万辆，环比分别下降7.3%和10.7%，同比分别增长13.3% 和14.7%。7月新能源汽车产销分别完成124.3万辆和 ...