原油价格连续三周下滑，生猪价格创年内新低

Group 1: Commodity Market Overview - Domestic commodity futures showed significant divergence in performance from October 13 to October 17, with precious metals, black metals, and base metals leading gains, while energy, chemicals, and agricultural products experienced collective declines [1] - In the energy and chemical sector, fuel oil fell by 5.54% and crude oil by 6.34% for the week; in the black metal sector, iron ore dropped by 3.02%, while coking coal and coking rose by 1.55% and 0.57% respectively [1] - Precious metals saw substantial increases, with Shanghai gold rising by 10.90% and silver by 10.53% [1] Group 2: Oil Market Dynamics - The oil market faced multiple bearish pressures, with WTI crude futures dropping below $80 and Brent crude near $82 per barrel; domestic crude oil prices fell by 12.41% [2] - OPEC+ continued its production increase plan, adding 137,000 barrels per day, while U.S. shale oil production showed resilience, slightly increasing to 13.636 million barrels per day [2][3] - Demand weakened significantly, with U.S. refinery utilization dropping by 6.7 percentage points to 85.7%, and Chinese refinery rates also declining [2] Group 3: Livestock Market Trends - Domestic live pig futures continued to decline, with the main contract dropping 3.87% to a three-month low, driven by slow market sentiment and increased outflow from large-scale farms [4] - The supply side remains robust, with the number of breeding sows at 40.38 million, indicating a sufficient long-term supply base [4][5] - Despite expectations for improved demand due to cooler temperatures, actual sales have not met expectations, leading to continued price pressure [4][5] Group 4: Economic Indicators - In September, the Consumer Price Index (CPI) fell by 0.3% year-on-year, while the Producer Price Index (PPI) saw a year-on-year decline of 2.3%, although the rate of decline narrowed compared to previous months [7][8] - The core CPI, excluding food and energy, rose by 1.0%, marking the first increase in 19 months, driven by improved performance in industrial consumer goods [8] - Exports in September grew by 8.3% year-on-year, with a cumulative export growth of 6.1% for the first three quarters, indicating a recovery in trade despite challenges with U.S. exports [11][12]