关注关税影响能源商品价格波动

1. Report Industry Investment Rating - No information provided in the given content. 2. Core View of the Report - The report presents an overview of the mid - level events, industry status, market pricing, and related data in various sectors. It shows that production and service industries have different developments, and different levels of the industrial chain (upstream, mid - stream, and downstream) have distinct trends. Also, the industry credit spread shows a slight oscillation [1][2][3]. 3. Summary by Related Catalogs 3.1 Mid - level Event Overview Production Industry - Since 24:00 on April 17, domestic gasoline and diesel prices were cut by 480 yuan/ton and 465 yuan/ton respectively. After conversion, 92 - octane gasoline was reduced by 0.38 yuan per liter, 95 - octane gasoline and 0 - diesel were both reduced by 0.4 yuan per liter. Filling a 50 - liter family car with 92 - octane gasoline would save 19 yuan [1]. Service Industry - Multiple departments jointly issued the "Compliance Guidelines for Promoting and Regulating Cross - border Data Flows in the Financial Industry", aiming to make cross - border data flows of Chinese and foreign financial institutions more efficient and standardized, clarify specific situations of data going abroad and the list of data items that can flow across borders, and require financial institutions to take necessary data security protection measures [1]. 3.2 Industry Overview Upstream - Energy: International oil prices continued to oscillate due to tariffs. - Non - ferrous metals: Prices of copper, zinc, and nickel oscillated due to tariffs. - Building materials: Prices of cement and building materials continued to decline. - Chemical industry: PTA prices dropped significantly [1]. Mid - stream - Chemical industry: PTA operating rate rebounded, PX operating rate declined recently, and the operating rates of polyester and urea were at this year's high levels. - Infrastructure: The operating rate of asphalt reached a three - year low [1]. Downstream - Real estate: The sales of commercial housing in first - and second - tier cities were weaker than the same period. - Service: The number of international flights increased, while the number of domestic flights decreased compared to the same period [2]. 3.3 Market Pricing - The industry credit spread showed a slight oscillation [3]. 3.4 Industry Credit Spread Tracking | Industry | Last Year's Same Period | Quarter - to - Date | One Month Ago | Last Week | This Week | Quantile | | --- | --- | --- | --- | --- | --- | --- | | Agriculture, Forestry, Animal Husbandry, and Fishery | 73.54 | 82.19 | 90.29 | 75.09 | 75.76 | 7.30 | | Mining | 45.33 | 44.49 | 57.53 | 44.37 | 44.77 | 15.10 | | Chemical Industry | 69.43 | 74.95 | 77.63 | 62.96 | 63.50 | 2.70 | | Steel | 51.56 | 55.29 | 66.64 | 52.34 | 52.68 | 12.40 | | Non - ferrous Metals | 56.24 | 53.32 | 66.56 | 53.30 | 54.48 | 16.40 | | Electronics | 63.79 | 85.25 | 90.06 | 65.50 | 66.86 | 23.20 | | Automobile | 76.94 | 78.50 | 74.09 | 45.92 | 47.25 | 0.30 | | Household Appliances | 52.39 | 50.14 | 60.32 | 44.90 | 45.24 | 9.50 | | Food and Beverage | 52.35 | 40.76 | 55.88 | 43.40 | 43.59 | 9.80 | | Textile and Apparel | 62.63 | 60.16 | 66.49 | 50.48 | 50.83 | 5.80 | | Light Industry Manufacturing | 232.39 | 201.77 | 209.28 | 167.29 | 166.84 | 9.30 | | Pharmaceutical Biology | 57.75 | 70.00 | 79.92 | 67.40 | 67.46 | 19.00 | | Public Utilities | 35.16 | 29.18 | 41.98 | 30.73 | 31.03 | 18.30 | | Transportation | 43.92 | 34.61 | 45.62 | 34.76 | 35.15 | 10.80 | | Real Estate | 373.71 | 328.49 | 155.48 | 146.74 | 140.09 | 12.30 | | Commerce and Trade | 59.73 | 48.37 | 62.39 | 48.09 | 48.55 | 9.80 | | Leisure Services | 72.92 | 95.39 | 108.94 | 107.84 | 113.05 | 97.90 | | Banking | 26.10 | 25.54 | 32.17 | 19.97 | 19.55 | 6.20 | | Non - Banking Finance | 38.05 | 32.41 | 42.88 | 32.24 | 32.07 | 8.70 | | Comprehensive | 72.72 | 48.86 | 58.89 | 46.45 | 47.25 | 3.00 | | Building Materials | 46.55 | 43.56 | 58.04 | 43.78 | 43.95 | 14.50 | | Building Decoration | 56.34 | 53.50 | 65.04 | 52.42 | 52.89 | 12.40 | | Electrical Equipment | 76.39 | 82.05 | 97.19 | 78.85 | 76.79 | 37.30 | | Machinery and Equipment | 44.41 | 41.81 | 54.74 | 41.86 | 43.16 | 20.90 | | Computer | 83.63 | 74.13 | 78.95 | 62.09 | 59.54 | 0.20 | | Media | 242.91 | 42.62 | 43.19 | 43.69 | 1.60 | | Communication | 45.38 | 32.35 | 46.22 | 28.67 | 27.49 | 1.20 | [41] 3.5 Key Industry Price Index Tracking | Industry Name | Index Name | Frequency | Unit | Update Time | Current Value | Year - on - Year | Past 5 - day Trend | | --- | --- | --- | --- | --- | --- | --- | --- | | Agriculture | Spot price: Corn | Daily | Yuan/ton | 4/17 | 2204.3 | 0.26% | | | | Spot price: Eggs | Daily | Yuan/kg | 4/17 | 7.2 | 5.11% | | | | Spot price: Palm oil | Daily | Yuan/ton | 4/17 | 9262.0 | - 1.30% | | | | Spot price: Cotton | Daily | Yuan/ton | 4/17 | 14212.8 | 2.67% | | | | Average wholesale price: Pork | Daily | Yuan/kg | 4/17 | 20.7 | - 0.53% | | | | Spot price: Copper | Daily | Yuan/ton | 4/17 | 76115.0 | 1.13% | | | | Spot price: Zinc | Daily | Yuan/ton | 4/17 | 22462.0 | - 1.70% | | | Non - ferrous Metals | Spot price: Aluminum | Daily | Yuan/ton | 4/17 | 19696.7 | 0.80% | | | | Spot price: Nickel | Daily | Yuan/ton | 4/17 | 127591.7 | 4.53% | | | | Spot price: Aluminum | Daily | Yuan/ton | 4/17 | 16806.3 | 0.00% | | | | Spot price: Rebar | Daily | Yuan/ton | 4/17 | 3113.3 | - 0.31% | | | Non - ferrous Metals | Spot price: Iron ore | Daily | Yuan/ton | 4/17 | 781.9 | 0.74% | | | | Spot price: Wire rod | Daily | Yuan/ton | 4/17 | 3300.0 | - 2.00% | | | | Spot price: Glass | Daily | Yuan/square meter | 4/17 | 15.6 | 0.84% | | | Non - metals | Spot price: Natural rubber | Daily | Yuan/ton | | 14366.7 | - 1.29% | | | | China Plastic City Price Index | Daily | - | 4/17 | 844.5 | - 0.79% | | | | Spot price: WTI crude oil | Daily | US dollars/barrel | 4/17 | 62.5 | 0.19% | | | | Spot price: Brent crude oil | Daily | US dollars/barrel | 4/17 | | 0.57% | | | Energy | Spot price: Liquefied natural gas | Daily | Yuan/ton | 4/17 | 4336.0 | - 0.28% | | | | Coal price: Coal | Daily | Yuan/ton | 4/17 | 793.0 | 0.13% | | | | Spot price: PTA | Daily | Yuan/ton | 4/17 | 4318.8 | - 3.79% | | | Chemical Industry | Spot price: Polyethylene | Daily | Yuan/ton | 4/17 | 7696.7 | - 1.18% | | | | Spot price: Urea | Daily | Yuan/ton | 4/17 | 1948.0 | - 0.76% | | | | Spot price: Soda ash | Daily | Yuan/ton | 4/17 | 1502.5 | 0.00% | | | | Cement price index: National | Daily | - | 4/17 | 150.0 | - 0.23% | | | Real Estate | Building materials composite index | Daily | Points | 4/17 | 114.8 | - 0.36% | | | | Concrete price index: National index | Daily | Points | 4/17 | 100.4 | - 0.09% | | [42]