经济热力图：工业品价格回落

1. Report Industry Investment Rating No information provided in the given content. 2. Core Viewpoint of the Report The report shows that the weekly economic index has declined, with production and some sectors like real - estate sales slowing down, while consumption and exports have shown signs of recovery, and there are changes in CPI and PPI with农产品 prices rising and工业品 prices falling [1][2][3]. 3. Summary by Relevant Catalogs 3.1 Weekly Economic Index - The China Weekly Economic Index (WEI) last week was 5.6%, down 0.5 percentage points from the previous value. The WEI production sub - index was 6.3%, down 0.4 percentage points, and the WEI demand sub - index was 5.1%, down 0.3 percentage points. The supply - demand gap was - 1.3%, down 0.1 percentage points [1]. 3.2 Production - The 4 - week moving average year - on - year of rebar production was 8.3%, down 0.1 percentage points. The blast furnace operating rate was 83.6%, up 0.3 percentage points. The PTA industrial chain load rate was 75.6%, down 1.2 percentage points. The car semi - steel tire operating rate was 78.4%, down 0.1 percentage points [1]. 3.3 Infrastructure - The cement shipment rate was 40.3%, down 2.5 percentage points. The cement mill operation rate was 44.6%, up 0.1 percentage points. The petroleum asphalt plant operating rate was 28.7%, up 1.1 percentage points [1]. 3.4 Real Estate - The 4 - week moving average year - on - year of the sales area of commercial housing in 30 large and medium - sized cities was - 9.1%, down 3.5 percentage points. The 4 - week moving average year - on - year of the land area of land transactions in 100 large - and medium - sized cities was - 8.5%, down 19.3 percentage points [2]. 3.5 Consumption - The year - on - year of the daily average retail sales of passenger cars was 13.0%, up 11.0 percentage points. The 4 - week moving average year - on - year of movie box office was - 53.9%, down 2.0 percentage points. The 4 - week moving average year - on - year of domestic flight execution numbers was 1.4%, up 0.1 percentage points. The 4 - week moving average year - on - year of subway passenger volume in Beijing, Shanghai, Guangzhou and Shenzhen was 1.2%, down 0.8 percentage points [2]. 3.6 Exports - South Korea's exports in early April were up 13.6% year - on - year, up 12.4 percentage points from late March. The 4 - week moving average year - on - year of the Shanghai Export Container Freight Index (SCFI) was - 21.2%, up 0.7 percentage points. The 4 - week moving average year - on - year of the Baltic Dry Index (BDI) was flat compared with the previous value [2]. 3.7 CPI - The 4 - week moving average year - on - year of the agricultural product wholesale price 200 index was - 2.7%, up 0.5 percentage points. The 4 - week moving average year - on - year of the average wholesale price of pork was 1.4%, down 0.7 percentage points. The 4 - week moving average year - on - year of the average wholesale price of 28 key monitored vegetables was - 3.2%, up 0.9 percentage points [3]. 3.8 PPI - The 4 - week moving average year - on - year of the Nanhua Composite Index was - 4.7%, down 1.9 percentage points. The 4 - week moving average year - on - year of the Brent crude oil spot price was - 21.5%, down 2.1 percentage points. The 4 - week moving average year - on - year of the rebar price was - 9.4%, down 0.8 percentage points. The 4 - week moving average year - on - year of the Qinhuangdao Port steam coal flat - price was - 18.8%, up 0.2 percentage points. The 4 - week moving average year - on - year of the cement price index was 20.0%, down 0.6 percentage points [3].