Core Viewpoint - The logistics industry in China showed signs of recovery in November, with a logistics prosperity index of 50.9%, indicating continued demand expansion and positive expectations for the future [1] Industry Performance - The business volume index, new orders index, and fixed asset investment completion index remained in the prosperous range, with business volume rebounding [1] - The central and western regions of China reported business volume indices of 51% and 51.2%, respectively, both above the national average, while the eastern region had a business volume index of 50.5%, up by 0.1 percentage points [1] Demand Trends - Demand in sectors such as transportation equipment, home appliances, smart devices, and automotive parts remains strong [1] - The consumer sector showed stability post "Double Eleven" shopping festival, with physical stores, social e-commerce platforms, and comprehensive e-commerce platforms performing well [1] Investment Insights - The logistics industry maintained a high level of investment activity, with a fixed asset investment completion index of 55.4% in November [1] - There is a high investment demand in areas such as equipment sharing and adaptation of upstream and downstream facilities, with a focus on traditional retail transformation, digital empowerment, and supply chain management [1] Future Expectations - The business activity expectation index stood at 54.9%, indicating sustained high prosperity in the market [1] - The multi-modal transport sector, air transport, and express delivery industries maintained high business activity expectation indices, supporting industry stability [1] Sector Adjustments - Some logistics sectors are facing adjustments due to demand fluctuations, with the air transport business volume index declining by 0.3 percentage points in November [1] - Cold chain storage rental prices are stabilizing in southern and eastern regions, while significant declines are observed in central, northwest, northeast, and southwest regions [1] - High coal inventory levels and weakened demand for iron ore in steelmaking are contributing to ongoing adjustments in coastal bulk cargo transport and domestic shipping markets [1] Overall Demand Status - November data indicates that logistics demand is in the expansion range, with improving logistics demand in industrial manufacturing and stable demand in consumer sectors, although energy logistics demand is slowing [1] - The upcoming winter and spring seasons are critical for demand guidance and forecasting in key logistics sectors to enhance supply-demand adaptability [1]
需求继续扩张 预期保持向好——11月份我国物流业景气回升
Xin Hua She·2025-12-05 12:51