经济热力图：工业品价格回升

Report Industry Investment Rating No relevant content provided. Core Viewpoints The report presents a comprehensive analysis of China's economic situation through various high - frequency indicators, showing a mixed picture of economic trends. Production and some infrastructure indicators are rising, while consumption and exports are facing downward pressure. Meanwhile, the real estate market shows signs of recovery, and CPI remains stable while PPI shows an upward trend [1][2][3]. Summary by Directory 1. Weekly Economic Index - The China Weekly Economic Index (WEI) dropped to 6.1%, a 0.2 - percentage - point decline from the previous value. The WEI production sub - index was 6.3%, unchanged from the previous value, and the WEI demand sub - index was 5.7%, a 0.3 - percentage - point decline. The supply - demand gap was - 0.6%, a 0.3 - percentage - point decline [1]. 2. Production - The 4 - week moving average year - on - year growth rate of rebar production increased by 2.4 percentage points to 6.7%. The blast furnace operating rate rose by 1.1 percentage points to 83.2%. The PTA industrial chain load rate decreased by 0.4 percentage points to 80.5%. The automobile semi - steel tire operating rate dropped by 1.2 percentage points to 81.8%. The 4 - week moving average year - on - year growth rate of the daily coal consumption of major coastal power plants increased by 2.2 percentage points to - 0.4% [1]. 3. Infrastructure - The cement shipping rate increased by 0.1 percentage points to 42.8%. The cement mill operating rate rose by 0.2 percentage points to 41.7%. The petroleum asphalt plant operating rate decreased by 1.0 percentage point to 25.7% [1]. 4. Real Estate - The 4 - week moving average year - on - year growth rate of the commercial housing sales area in 30 large and medium - sized cities increased by 2.5 percentage points to 1.1%. The 4 - week moving average year - on - year growth rate of the land area of land transactions in 100 large - and medium - sized cities increased by 32.3 percentage points to - 4.7% [2]. 5. Consumption - The year - on - year growth rate of the daily retail sales of passenger cars decreased by 5.0 percentage points to 3.0%. The 4 - week moving average year - on - year growth rate of movie box office decreased by 25.1 percentage points to - 49.3%. The 4 - week moving average year - on - year growth rate of domestic flight operations increased by 2.2 percentage points to 1.4%. The 4 - week moving average year - on - year growth rate of subway passenger volume in Beijing, Shanghai, Guangzhou, and Shenzhen increased by 0.3 percentage points to 2.4% [2]. 6. Exports - In late March, South Korea's exports decreased by 4.6 percentage points to 1.0% year - on - year. The 4 - week moving average year - on - year growth rate of the Baltic Dry Index (BDI) increased by 8.2 percentage points to - 23.0% [2]. 7. CPI - The 4 - week moving average year - on - year growth rate of the agricultural product wholesale price 200 index increased by 0.8 percentage points to - 3.9%. The 4 - week moving average year - on - year growth rate of the average wholesale price of pork decreased by 0.4 percentage points to 2.8%. The 4 - week moving average year - on - year growth rate of the average wholesale price of 28 key monitored vegetables increased by 1.8 percentage points to - 5.8% [3]. 8. PPI - The 4 - week moving average year - on - year growth rate of the Nanhua Composite Index increased by 0.2 percentage points to - 0.6%. The 4 - week moving average year - on - year growth rate of the Brent crude oil spot price decreased by 0.7 percentage points to - 15.9%. The 4 - week moving average year - on - year growth rate of the rebar price increased by 1.4 percentage points to - 8.6%. The 4 - week moving average year - on - year growth rate of the Qinhuangdao Port steam coal closing price increased by 1.8 percentage points to - 20.3%. The 4 - week moving average year - on - year growth rate of the cement price index increased by 2.1 percentage points to 19.7% [3].